Quote:
Originally Posted by 81MC
There’s no way you believe this? Unless you’re saying inner city street parking is only valuable because of the businesses in the area?
In which case, that solution is awfully easy - make parking a requirement for businesses, or they can lease city owned space exclusively at the valued rate.
I would be willing to bet there are more vehicles per property in the suburbs vs, inner city, by a significant margin.
Edit: Sorry, re-read and it’s clear how you define value, so ignore that. But I still disagree entirely that suburban parking is readily available. |
Many municipalities impose off-street parking requirements for commercial developments which, if not met, require cash payments (I’ve seen ~$20,000-$25,000 per stall). The money is used to build off-street parking lots.