|
|
|
|
|
Q: Won't these measures cost taxpayers and businesses more than they are worth?
A: While some measures may incur implementation and maintenance costs, other measures will not. The cost of parking is really more expensive than most people realize. Costs average around $10,000 per space for a downtown area. But few consumers purchase a parking space as an independent item. Instead parking costs are incorporated into the costs of buildings and property, as a hidden surcharge for virtually any good or service we buy. This is reflected in higher rents to tenants and higher taxes to owners. If the parking spaces aren't really needed or used (such as is the case in many large "power centers"), then reducing parking saves not only open space but also money.
|
|
|
|
|
|
|
|
|
|
|
Q: Why should employers be concerned about
parking?
A:
For employers who own their own lot, efficient parking management can help them recoup the cost of their initial investment in parking. Employers who lease their lots and do not pay a separate charge for parking in their leases may gain more control over the number of parking spaces assigned to them by developers or building management. This change can lead to more competitive rents. Efficient parking management can help employers avoid the need to build new parking spaces or lease additional parking.
|
|
|
|
|
|
