Quote:
Originally Posted by Urbanarchit
The amount of parking provided on this site has nothing to do with the hospital though. It's not commercial parking, it's specifically for the residents. I'm sure there are by-laws restricting people from renting out their private spots to the public in a private residential building. Not to mention the hospital plans to move 1.5 Km away and is already proposing a giant controversial 4-storey parking garage. It's just another car-centric design that the City requires due to their minimum parking standards.
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The residential building adjacent has hundreds of rental spots available, most to hospital staff, not to mention the above-ground private parking garages also adjacent, and people's driveways that are also rented out in the neighbourhood. The hospital already owns and operates several surface lots AND a 10 storey parking garage behemoth and it's still not enough parking. Private parking is rented all the time in all sorts of settings. I rented a condo parking spot downtown for a few years, it was cheaper than the other private garages, but it was still close to $200/month. At 340 parking spots, thats $68000/month, $816,000/year and that's just monthly parking. Go to hourly and you're up to about $300k/month, $3.6M/year. Which is why people keep their crappy downtown parking garages when other options are available for development.
Also I don't understand why the Hospital can't make the $300M underground garage work, financially, when we already pay an arm and a leg to park at hospitals. Sure there's an upfront cost, but there's millions to be made each year in parking fees. Some needs to be reinvested to pay for repairs, some goes to the hospital for equipment, and some should be able to pay off the loan to build the thing.
Heck, at Tunney's, people rent spots over on Bayswater and walk/transit over, and Tunney's is literally one giant parking lot.
People wax poetic about transit, but nobody's going to take transit from Carp or Kars or wherever, its just not convenient.