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Then you charge for street parking permits, which you should if the street parking has value. A lot of places do this, where they charge a few thousand a year
by pwthornton 8y ago
Then you charge for street parking permits, which you should if the street parking has value.
A lot of places do this, where they charge a few thousand a year to park on the street.
A lot of people don't need parking. And we are forcing them to pay for it. That's bad policy. My old condo had like $80,000 worth of parking attached to it with two spaces. I only needed one of the space.
- rootusrootus 8y agoYour very last sentence counters the rest of your point. A lot of people don't need parking... but you did. But only half of what was provided. How to plan for this in advance? The parking spots have to be planned in from the beginning, not created ad hoc, so requiring a certain number of spots per X building units is sensible. Ideally you get just to 100% utilization but no more. But that will vary depending on the mix of tenants at any given time.
- pwthornton 8y agoThe parking was deeded to my unit. I didn’t intentionally pay for 2 parking spots. I was forced to buy two.
- scottlegrand2 8y agoThen you should have sublet the space to someone who needed it, no?