Quote:
Originally Posted by TheHonestMaple
Thanks for the videos. I feel like it's an idea that sounds good in theory, but in a society that is very car dominant like North America, I fear it would make the cost of parking in the downtown so cost prohibitive it would actually discourage people from living downtown in the short term. Most of our downtowns simply aren't walkable full communities right now (jobs, shopping, etc), and we still very much rely on cars to complete daily living. Hamilton is pretty close to being a complete downtown (like Toronto), but not quite there yet. I think that might change in the next 10 years though.
In general I like the idea though, it would be nice for our downtowns to completely not rely on cars. I just hope all aspects of the policy are well thought out.
The point about this accelerating construction sounds valid though, and I welcome that.
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Not sure why you think it would make it more expensive.
What happens right now is that parking is often sold at a loss in buildings and those spaces are subsidized by the unit sales.
This will change it so that developers will only build the spaces if they can sell them for a profit, which means it will make parking market-based in demand - typically something from my understanding you are quite supportive of.
If someone really needs a car when living downtown, they'll pay for it.
Toronto removed their parking minimums city-wide last year and in suburban areas parking ratios in new development have barely changed - it's mostly dropped in the Downtown where developers are getting rid of complicated, expensive parking solutions previously needed to meet requirements.
What I imagine will happen is many developments downtown will drop their parking ratio, but not eliminate parking. Larger units especially are known for still needing parking to sell the unit, so developers will still build it.
What it helps the most is small sites (think buildings like 11 Robert), where providing parking can be really expensive. Those kinds of small projects benefit the most from removing parking minimums as building a large parking structure is uneconomical on small sites for small buildings.