Quote:
Originally Posted by SFUVancouver
Keep meaning to take photos, but there are already columns up along Wilson St. The speed of this project is making my head spin. Turns out not excavating halfway to the earth's core and building a complex and irregular below grade parking structure really speeds up a project.
When folks talk about how reducing parking requirements or not requiring underground parking have a positive knock-on effect on affordability, the speed of this project helps illustrate that argument.
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This is a huge benefit of reduced parking minimums. In this case the parking is just above grade which is suboptimal, but the result is the same, faster construction and reduced costs. Imagine if this development had no parking or little parking, we could see residential units under construction in a couple of months. Compare that to Cobalt where it took 14 months just to get to grade. In this case the first few floors are commercial and parking, which means months before residential units get built.
Parking requirements have a lot of consequences that are not really considered by those who think parking is basically a necessity, and should be required by law. What's even more crazy is that those who defend parking minimums are usually the freedom of choice, free market types, when they're really just "free market" for things they think will benefit them, and actually pro-heavy-regulation when it will benefit them.
Reduced or abolished parking minimums are actually an incredibly free market "small-c" conservative policy. One I support vehemently.
There are so many benefits to reduced parking minimums that I can't really understand why anyone would be against it unless they haven't really thought about all the negatives of parking regulation. No matter who you are, even if you drive everywhere you stand to benefit from reduced parking minimums. The only people who lose out are those who want to live an incompatible life of living downtown and drive everywhere everywhere, akin to someone living in Binbrook and wanting to take trams everywhere.