Quote:
Originally Posted by Weitz
Downtown Calgary needs more developed space? All the empty stuff isn’t good enough?
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More the city pays for al of the infrastructure required to get cars downtown which makes parking valuable. The city ADP restrains the creation of additional parking which makes parking valuable. Therefore the windfall proceeds from parking should go to the city.
And parking lot development is not a good use of space so their should not be a revenue stream from bare surface parking.
It’s a general principle to be applied regardless of economic conditions.