Rethinking the Value of Parking Lots

To create more active and economically healthy downtowns, cities are seeking development on parking lots.

More and more downtowns are re-evaluating the value of their parking lots. As Romy Varghese reports, cities are creating incentives to build revenue-generating uses on parking lots. With a decline in driving and a desire for a more "pleasant pedestrian experience,” cities like Minneapolis and Baltimore are providing tax credits on parking lots to attract new development and considering prohibiting parking lots on main streets.

“Parking lots are natural for development because there’s often no demolition involved and chances of running into environmental issues are lower.” Varghese quotes Minneapolis' principal city planner Beth Elliott: “The more property investment, the more taxes we have to be able to make improvements in roads, in transit, in parks.”

Full Story: Parking Lots Demolished in Cities’ Revenue Bid as Driving Wanes

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209
poster

A Short History of America

From comic book artist Robert Crumb, poster shows how the built environment has changed throughout the decades.
$14.95

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $50.
$369 includes free shipping!