Glut of parking spaces in city (Jeremy Smerd, Crains New York, Oct. 2, 2011)
The article reviewed today from New York City makes an excellent point- why do cities require developers to build so many parking spaces for occupants of their buildings. Many times the private parking spaces go unused, especially in large cities with excellent public transit and, in some areas, free curbside parking. Interesting too that New York put a cap on parking spaces to comply with the Clean Air Act several decades ago- a step that other cities seeking to reduce vehicles emissions and improve air quality might consider as well.
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Filed under: PRICING, Urban Traffic Tagged: | economic, parking, pricing, urban
