Quote:
Originally Posted by Djeffery
Oh, it's so simple. You should run for council. How many parking lots downtown are just prime for development if only the person or company that owned it would sell? You make it sound like someone is just ready to pounce on every last parking lot and build on it except that dastardly land owner is holding on to it.
Not only would the city probably be spending lots on lawyers if they effectively legislate parking lots out of business. But what if you are wrong about how many lots are waiting for someone to build? You shut down the income stream, the owner has to sell, nobody wants to buy, the taxes build up and the city forecloses on it for tax default. Now the city is sitting on a worthless piece of land that they probably turn into a parking lot.
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You wrote that comment 3 years ago. Imagine what could have been built if they had brought in those changes then.
Remember I stated parking lots NOT parking spots. I am only talking about lots that are exclusively for parking but if a business has parking then they can keep it with regular tax rates. As for legal problems, there wouldn't be any. Cities change zoning all the time. Remember all the development in the last 50 years has been on what was once zoned as agricultural. What the City cannot do is expropriate land except under conditions of ultimate domain like the BRT and highways.
The City would not be taking anything from anybody but simply changing the zoning and giving the owners a reasonable amount of time to accommodate those changes. 5 years would be more than enough time for the largest lots and what they do with those lots would be their own business as long as it's not parking. If they don't want to sell or develop the land that is completely their own choice but the taxes still have to be paid.
This would not, and should not, be done overnight and would start with the largest lots first. For example, lots with more than 50 spots are given 5 years, 30 to 50 10 years, 10 to 20 15 years and less than 10 don't bother. Slowly but surely these lots would be developed by the owners or by new owners and yet it wouldn't cost the City a cent.
As long as it's profitable to just let these parking lots sit there, there is no motivation for the owners to do anything with them and this is the problem.