Quote:
Originally Posted by VancouverOfTheFuture
it just increases the amount of profit the developer gets while making all of the residents in the CoV to subsidise the lack of parking provided by the developer.
Yaletown is an example of adequate parking vs the West End.
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Subsidize how? Again, speaking of rental buildings, having a substantial amount of minimum parking required to build, with the additional costs mentioned for constructing a new building, rents increase as parkade levels are increased and mandated by City guidelines and rules. If people are choosing to park on the street, and the inconveniences that come with that, and pay for permit parking then I fail to see the issues with citizens who lave the luxury to own a car and park in readily available subsidized public street parking for a cheap price. Who wouldn't, right? If the issue is finding adequate street parking for shopping, living, or visiting, then a business and market case can be made for public parking garages, better metered parking and time restrictions, or simply... not driving. If we're talking about relaxing parking to a degree for new construction of rental buildings, most developers would try to build as many units as possible while trying to do so economically. Parking is one of the biggest issue in new developments and they can destroy perfectly good rental projects. Parkade stalls are $40,000 per stall and that is tacked onto each unit whether the tenants like it or not. What's affordable about that?
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