Quote:
Originally Posted by Canada 02
with all the new buildings and condos under construction, I wonder if there will be an excess number of available parking spots in the not to distant future. I know the Keynote Development, for example, has many more parking spaces than condo units, so even if the residents occupy their spot, there will still be stalls available for office, retail etc. Assuming that's the same for all the high rise condos and other office towers, it might be a good move by Impark to cash in on the high property values before all the new parking stalls compete for their business
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Actually if you view the City's transportation literature from pretty much every year from 1991 onward they actively restrict the number of available parking spaces in the downtown core to force growth in employment in the Downtown core to take the C-Train. While some places will net more parking stalls than before, its being made up with destruction of parking somewhere else downtown (Eg Bankers Court demoed a multi-story parking garage and is nowhere near replacing the spots taken away). The attitude of the city is troubling considering the escalataing cost of parking and that fact that the transit system demand is overcapacity at peak times. Druh Farrell really irked me when she commented negatively about a guy who created a website for people living close to downtown to advertise any available parking stalls they have for rent. She was annoyed that this site promoted more car use. I'd agree with her if daily parking downtown was $10/day or less combined with 4 more C-train lines and better bus service. However the reality today is people are spending an amazing amount of time and/or money commuting related to parking costs or transit/road congestion. Any effort aimed at reducing congestion or commuting costs should be praised.