Quote:
Originally Posted by Aroundtheworld
The problem is right now developers are required in many places to add an excessive amount of parking that goes beyond actual demand. Also, with improved public transit and rideshare, we'll likely be seeing less of a need for parking, not more. This excessive parking comes at a tremendous cost, inflating the cost of housing and reducing affordability.
Nobody is arguing that there should be no parking in any project. What makes sense is to instead of having arbitrary minimums is to just get rid of them and let the developer decide based on the demand of buyers.
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But how would anyone ever be able to determine that?
You can't really estimate the number of parking stalls your development will need based on what past projects (that might have had different circumstances, and different type of buyers and renters, different locale,etc...) ended up using.
And if left to developers like the way you're suggesting, what then do you imagine cost-cutting, profit-driven developers are going to do?
Especially onsidering the fact that parkades are typically among the most expensive parts of any construction project to build (particularly in projects that have underground parkades, given the amount of reinforced steel concrete necessary in such situations).
I can see both sides of the situation, however, it does make sense that cities DO have minimum parking stall requirements per unit, erring on the side of over-supply, than risking under-supplying when you consider the fact that part of the whole reasoning behind it is to reduce the amount of street parking that comes with developments that don't provide sufficient parking - with residents trying to find surface parking anywhere they can while cities are looking to get rid of them.
It also lends itself to the likelihood of parking companies over-charging for their badly needed parking spots - which is already a bad enough problem in downtown especially, where they know they can get away with anything because, ....what else are you going to do?
I don't really think you can force, manipulate or steer people's commuting and transportation habits (like encouraging more people to use public transit or biking or walking), because at the end of the day, if I can afford to own and drive a car, and to own and buy (or rent) a unit in one of these developments, then why would I spend my money in a place that would force me to park several blocks away on the street (if that), just because the developer thought it would be a smart idea to provide way less parking than necessary and all the parking spots got scooped up by the usual "friends and family" shenanigans that tend to accompany the pre-sale antics of these developments.
In that case even the developers lose money when they can't sell units, on top of everything - and the end result is they jack up their prices to cover the losses which only exacerbates the already terrible housing crisis.
It's a no-win situation.
I don't really see the cities or municipalities have a choice in stipulating such a requirement for new developments, particularly if they're also driving towards making streetscapes more walkable and less cluttered with street parking as is the case in most municipalities.