Urban Fold

Rethinking Parking In NYC

An editorial by Alex Garvin and Nick Peterson calls for NYC's planners and officials to rewrite outdated off-street parking regulations. The authors point out contradictory parking requirements and proposes a more efficient market-based system.

"Like any market distortion, parking requirements have created their own set of absurd choices. For example, affordable housing developers looking to build in most parts of New York outside of Manhattan must either provide parking that their target market can't use, forgo construction altogether or change their mission and construct fewer apartments for higher income tenants.

The parking requirement also creates a subsidy for cars at the expense of the economy and environment. By forcing developers to provide parking, we are making it easier to drive. In New York, the public transit capital of America, this is disgraceful."

Thanks to Matthew Goldstein

Full Story: The High Price of Parking

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