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Joined 11 months ago
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Cake day: December 9th, 2023

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  • I live in a small city built out a couple decades ago

    It’s probably a fair point to mention that smaller cities and towns have wildly different parking needs than NYC, where the majority of residents don’t own a car. The existence of parking minimums in a place like New York is just bonkers. (Thanks, Robert Moses!)

    I still expect plenty of parking to be built after any city repeals parking minimums, it just isn’t an excessive amount, and the city and developers soon start arriving at a natural equilibrium (compared to an inflated floor) of what is actually required, depending on what kind of business or residence it is, where it is located, etc.

    The big factor about parking is how much it adds to housing costs. The Government Accountability Office did a report in 2018 that estimated that parking requirements added $50,000.00 to every housing unit sold. Obviously, some parking will probably be needed, but just reducing the amount has the effect of an immediate per-unit cost reduction for a given multi-family project. https://www.gao.gov/assets/gao-18-637.pdf