I thought this video was very interesting and brings up some great points. Although cities in New Zealand are used as examples the exact same principles apply right here. Soon, downtown Raleigh will install pay stations for on-street parking that has, mostly, been free for decades. What is not being talked about are the plans to lower or eliminate the minimum parking requirements (MPR) in downtown.
The video suggests that paying to park is like paying for what you use rather then buying goods at prices that factor in the cost of the MPR. In theory, eliminating MPR should lower prices and give the consumer more of a choice. That choice being to pay to park or use another mode of travel to avoid paying. The cost to provide that parking is not passed on to the consumer where it is in the “free” parking lots of the suburbs.
- None right now. Must be a new project.
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