Hidden parking costs money
2012-08-04 00:14:50.494965+02 by Dan Lyke 1 comments
Friday Read: Residential Streets and America's Hidden Parking Policy is a look at Amenity or Necessity? Street Standards as Parking Policy (PDF):
The study calculates that these standards have produced somewhere between 740 million and 1.5 billion parking spaces along American residential streets – enough to host all of the passenger vehicles in the world – the vast majority of which are unmarked, unmetered and indeed unused. The authors estimate that the cost of construction of these spaces is in the trillions of dollars, with an annual maintenance cost in the tens of billions. These costs, the authors note, amount to approximately $1,000 annually per home.
I will note that several people on our street have regular get-togethers which means that on, say, Thursday nights a good portion of the parking on our street is occupied.