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If there are truly no other options, then the developers are going to have to severely reduce the price of their real estate or choose not to build there. This
by CYR1X 3y ago
If there are truly no other options, then the developers are going to have to severely reduce the price of their real estate or choose not to build there. This is simply taking an implicit approach to things, which may or may not work.
If anything doing this is a way for cities to implicitly get citizens on board for investing more in public transit. All of the new apartment buildings in the hip parts of town don't have any parking for your cars, so you're forced onto public transportation more, which you might think stinks, so you now care more about voting for infrastructure improvement.
- qwytw 3y ago> If there are truly no other options, then the developers are going to have to severely reduce the price of their real estate or choose not to build there. This is simply taking an implicit approach to things, which may or may not work. True. But only to a limited extent as long as demand remains significantly higher relative to supply. e.g. if you're moving to a city due to work etc. and and have limited you're much more willing to compromise (use street parking, private lots some distance away etc,).
- TexanFeller 3y agoI think people will just take the path of least resistance which is voting for building more parking again. They won’t punish themselves in the short term so that the neighborhood they live in is more affordable and walkable in 20 years, when they won’t even live there anymore by then.