A parking spot costs $5,000 to $80,000 to build. And those costs seep into everything. That includes your rent. One study of 23 Seattle-area multifamily housing developments by the Sightline Institute found landlords' parking costs added up to 15 percent, or $246, to each apartment's monthly rent — even for those who didn't own cars. Cutting back parking minimums pays off. In Seattle, developers built 40 percent less parking, saving nearly half a billion dollars. Hartford, Conn., and Buffalo saw their downtowns rebound as they attracted more residents and affordable housing. Can you repeal parking minimums in your city? Yes. In many cases, a few determined citizens and a city council willing to listen are all that's needed. First, search for the name of your city and "parking ratios" or "parking code" to find your local zoning code. Talk to others interested in changing the rules. |
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