It doesn’t make sense to me that a city has too much parking if a parking structure is more lucrative than housing. What is distorting the market if this is hap

It doesn’t make sense to me that a city has too much parking if a parking structure is more lucrative than housing. What is distorting the market if this is happening? (For those who haven’t read the article yet, this is not a question about the ordinances that require retail to provide a number of free parking spaces.)