Quote:
Originally Posted by racc
The construction costs for the River Rock parkade were $33 million in 2006 dollars for 1,200 spaces or $27,500 per space. Add 3% per year for construction cost escalation and that would be around $30,000 per space not including land costs. So, not quite sure that would bring it to $40,000 per stall but it is getting close and still pretty expensive.
http://www.greatcanadiancasinos.com/files/GCGC-PDF/prinvestor/GCD_PRESS_12-18-06.pdf
Underground, in Richmond at least, would be much more expensive due to the high water level, which is why all parking structures are above ground.
Now agreed, if there is another reason to build the parkade, such as a destination casino, it kinda makes sense, but there won't be too many such opportunities.
|
But still, the cost of the entire parkade at Riverock is less than one KM of Skytrain track. For an extra $33 million it brought Canada Line "closer" and a possible option to use for thousands of people. And it's a lot cheaper than running multiple underused bus routes for decades. The thing to remember with the burbs is that almost ever single single family home will have at least one car, it's the nature of people who own SFH. By building Park n' Rides, you are bringing transit to them.
The part of the journey people hate the most is standing in the cold and rain at the foot of their street waiting for a bus that might but probably won't come on time, then ride it as it snakes through side streets to the station for 30 minutes on a trip that would normally take 5 minutes by car. So they take their car, the whole way.
I used to live in Coquitlam, not too far from Lougheed station. If you were not travelling right at rush hour, it was almost pointless to take transit downtown. The bus would come by every half hour, if lucky, and there was no place to park at Lougheed (legally), so I would just drive all the way. If you were heading out after hours to go downtown for a movie, dinner with friends, or a game, it was pointless to use any transit at all as just the bus portion (waiting and riding) was longer than the entire drive.
Now I live in White Rock. If I'm travelling inside commuter hours a bus comes by near my place that takes me straight to Bridgeport. Outside of rush hour, no such luck, it takes at the minimum an hour to get to Bridgeport with a transfer, that's how long it takes to drive to downtown. But I have another option, to drive to Bridgeport and use the PnR. It takes about 1/2 hour and it's all freeway speeds to get to bridgeport. Then, where congestion and stop and go driving begins I transfer to Canada Line at a very reasonable price. When you compare it to the time it takes to find a spot mid day downtown and the cost of the spot and gas for stop and go driving, it's worth it to park at the PnR.
If you can position PnR in places where they can drive a short distance, then take transit around congested parts, they will take it. You might criticize C-Train for having ugly sprawling PnRs around their stations, but IT WORKS! They have the highest ridership for LRT in North America because of that.
If building a PnR for basically the same price as a station, doubles the capacity and boardings at that station, then it sounds like a good investment to me for getting those cars off the congested roads downtown.