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Originally Posted by Unlearn Relearn
In your example it is clearly stated that in year 2008, five years ago, the cost per square foot was $43.00, An indoor parking space needs 100 square feet, 10 feet by ten feet, taking into account the cement posts and the alley ways. The cost of Reed is $43,000 per spot for indoor garage FIVE YEARS AGO.
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Hey, if you can build yours in Washington, DC, I can build mine in 2008.
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3,500 spaces X $43,000 = $150,500,000 nice going!
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I'm not sure where you found those figures, but sign up for a trail account and do create a parking garage from their Moncton figures... a 1500-stall, 5-storey building is estimated at 27 million (2013 figures). So you could build two, getting you 3,000 cars for about 50... thought I can't imagine why we'd need that many.