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They are way more expensive than buses, this is a way for the Board to allow developers to build less parking, and a total boondoggle at the taxpayer's expense.

How is this a boondoggle or costing taxpayers anything if homeowners, businesses, and landlords will all profit? Yes, renters will get priced out as progress is made and land values rise and something should be done for them but the harm to renters is far less than the gain by everyone else. Those who will gain can contribute a little of their gains to mitigate the losses of renters who are harmed (maybe through affordable housing set asides).

The bottom line is that the cost/benefit favors streetcars. They are proven to increase property values by more than their costs. Buses are proven money losers. They have little impact on property values and have substantial operating & maintenance costs.

As for reducing parking regulations, that's a good thing. Let the free market decide how much parking people should create. The only thing we need are laws protecting people's existing right to park on their own street and not have outsiders take their spots. That can be effectively accomplished through residential parking permits like they have in Clarendon.

by Falls Church on May 30, 2012 10:59 pm • link • report

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