Tuesday, August 08, 2006

The High Cost of Free Parking

The High Cost of Free Parking by Ryan McGreal

The benefits are potentially tremendous: with less parking, there is more room for both people and businesses, and the right balance between supply and demand means less congestion from cruising, less noise, and less air pollution. Reduced parking requirements also ease entry for investors who might otherwise build elsewhere. As the area becomes more appealing to pedestrians, it attracts both visitors and investors.

This post reminds me, to some extent, of Dr. Russ Ackoff's ideas on systemic traffic problems.

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