With underground parking spaces costing $37,000 and more to build in Chicago, it might come as a shock that a recent study found much more parking supply than demand around the city's apartment buildings.
Robert Channick reports on a study by the Center for Neighborhood Technology in Chicago that finds a lot of empty parking in apartment buildings around the city. "Mandated parking garages and surface lots at apartment buildings across the city were on average one-third empty, wasting space that may make neighborhoods more expensive and less walkable," explains Channick.
The article acknowledges that both Chicago and Evanston have relaxed parking requirements for residential developments located near transit stations—yet there is still far more supply than demand for parking overall in the city. The article includes more details about the methodology of the study, and the effect of parking requirements on developments around the city.
FULL STORY: Chicago has apartment building parking glut, study shows
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
How California Transit Agencies are Addressing Rider Harassment
Safety and harassment are commonly cited reasons passengers, particularly women and girls, avoid public transit.
Significant Investments Needed to Protect LA County Residents From Climate Hazards
A new study estimates that LA County must invest billions of dollars before 2040 to protect residents from extreme heat, increasing precipitation, worsening wildfires, rising sea levels, and climate-induced public health threats.
Federal Rule Raises Cost for Oil and Gas Extraction on Public Lands
An update to federal regulations raises minimum bonding to limit orphaned wells and ensure cleanup costs are covered — but it still may not be enough to mitigate the damages caused by oil and gas drilling.
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