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Subsidies for parking:

TAX free parking is not taxed by anyone, yet is a service being provided in exchange for money, albeit bundled with the other use of the property. If you drive to work, and park, there is a federal rebate program. Its far less for transit, and nothing for bikes or walking.

REGULATION: zoning and building codes are relatively strict, while building parking is less so (especially if ground level). You are going to get asked lots of questions about the height of the roof, but very few if any about the parking lot.

ASSESSMENTS
There may also be cost advantages. e.g. if you are assessed according to the average value of improved land, an undeveloped parkland does not count, then a large surface lot lowers the average value.

EXTERNALITIES:
Parking lots, until recently, did not have to comply with pollution requirements in the same way that buildings have to have dedicated sewer lines. They are treated the same as a roof, yet the runoff from parking lots is typically far more polluted than a roof.

by SJE on Oct 23, 2012 7:53 pm • link • report

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