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Originally Posted by Daveography
Quote from the story:
Aren't most of those surface lots being replaced with underground parkades that hold even more parking spaces than the surface lots their replaced?
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Sure, but it's not all apples for apples. Ultima, Fox 1, Fox 2, etc. are all replacing surface lots and has parking for the residents, but not for public use.
Under the "greyhound surface lot" will be tons of stall, but will be used not only by arena and retail patrons, but by hotel guests, the office staff of Stantec and the apartment/condo tenants in the new buildings.
Under the arena are some stalls, but less than the surface lot it replaced.
It goes on. Either way, parking is still a part of any downtown, and especially in Edmonton. As downtown becomes more desirable for drivers to frequent in the evenings for events and social activities, variable parking rates also makes good financial sense from landlords. Ask Ken what their proformas projected for revenue for their parkade at EPCOR once the arena is in for game day (evening) parking.