Parking

Parking

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Comprehensive Parking Supply, Cost and Pricing Analysis
Comprehensive Parking Supply, Cost and Pricing Analysis
Parking facilities are a critical part of a transportation system: vehicles are typically parked about 23 hours per day and require parking at every destination. These facilities impose various economic, social and environmental costs. This report describes how to estimate the number of parking spaces that exist in an area, their total costs, and optimal pricing. This information is important for many policy and planning decisions. Recent surveys indicate that typical North American communities have three to eight parking spaces per vehicle, including many seldom-used spaces. Considering land, construction and operating expenses, their total annualized costs per space typically range from about $600 for a basic surface lot on inexpensive land to more than $5,000 for high-amenity structured parking. Overall, their costs are estimated to average about $1,000 annually per space or $5,000 per vehicle-year, totaling more than a trillion dollars per year in the U.S. For every dollar a motorist spends on their vehicle somebody typically spends about a dollar on parking for its use. Most parking costs are external, resulting in higher taxes, rents and retail prices, plus significant environmental damages. These external costs are economically inefficient and unfair since they increase total parking and traffic costs, and force households that drive less than average to cross-subsidize higher-mileage motorists. More efficient parking management can provide larger savings and benefits than previously recognized.
·vtpi.org·
Comprehensive Parking Supply, Cost and Pricing Analysis
Parking Management: Comprehensive Implementation Guide
Parking Management: Comprehensive Implementation Guide
Parking management refers to various policies and programs that result in more efficient use of parking resources. This guide describes and evaluates more than two-dozen such strategies. It investigates problems with current parking planning practices, discusses the costs of parking facilities and the savings that can result from improved management, describes specific parking management strategies and how they can be implemented, discusses parking management planning and evaluation, and describes how to develop the optimal parking management program in a particular situation. Cost-effective parking management programs can usually reduce parking requirements by 20-40% compared with conventional planning requirements, providing many economic, social and environmental benefits.
·vtpi.org·
Parking Management: Comprehensive Implementation Guide
Reforming Municipal Parking Policies to Align With Strategic Community Goals
Reforming Municipal Parking Policies to Align With Strategic Community Goals
The City of Victoria is currently engaged in a parking policy review which proposes reducing some off-street parking requirements (http://victoria.ca/zoningparking). These changes are good, but modest. This short report identifies much bolder reforms that would better align parking policies with other community goals. Although written for Victoria, the analysis and recommendations are appropriate for most municipalities.
·vtpi.org·
Reforming Municipal Parking Policies to Align With Strategic Community Goals
How minimum parking requirements make housing more expensive
How minimum parking requirements make housing more expensive
A growing consensus argues that minimum parking requirements (MPRs) make housing more expensive. This paper examines two claims from this discussion: (1) that MPRs discourage the construction of small units; (2) that the costs of building required parking are "passed on" to buyers and renters in the form of higher prices and rents. However, the mechanisms behind these two effects have never been made explicit in the literature. This paper proposes, for each claim, a plausible mechanism relying on the specific choices of housing suppliers and consumers. We propose that MPRs discourage small units because they eliminate the most profitable floorspace/parking bundle to supply to relatively lower-income households. We propose that parking costs may be passed on by reducing the supply of housing on offer at a given price.
·jtlu.org·
How minimum parking requirements make housing more expensive
The Economic Hotspots Outside of Downtowns
The Economic Hotspots Outside of Downtowns
Development in and around cities is different than it was a generation ago. New research looks at the emergence of “activity centers,” asset-rich hubs peppered throughout metro areas.
·route-fifty.com·
The Economic Hotspots Outside of Downtowns