I may have to page through the arena thread to see if anyone talked about how building an arena without parking would incentivize people to turn nearby properties into parking garages. The city of Sacramento's parking department has a parking management program where they work with property owners who have parking lots to monetize them--the city manages the parking and provides security, paying a percentage of the profits to the property owner and the rest goes to the city. The current Greyhound bus barn is being used for parking and managed by the city, so I imagine they could also be the manager of parking for this new building.
The demand for parking downtown isn't going away, in fact it's going to get higher, so the idea of someone wanting to monetize that demand shouldn't be a surprise. And if there is an increase in housing in the central business district, despite the NIMBD attitudes I hear, then the most likely candidate I've heard for a retail tenant (an urban-format Raley's) will be very much in demand for the building.
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"Old ideas can sometimes use new buildings. New ideas must use old buildings."--Jane Jacobs
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