The High Cost of Parking
Loftier on the list of pet peeves for drivers in crowded urban areas is finding parking. But once robo-taxis hit the route in big numbers—and they're already beingness deployed by Waymo in Phoenix—and passengers tin be dropped at the doorstep of their destination, searching for parking could get a thing of the by.
Repurposing parking spaces could open vast areas of prime number real estate for other uses—from mixed-use housing and function parks to more than urban light-green spaces. It could besides salve residents of big cities and even small towns lots of money, according to a new report (PDF) past Eric Scharnhorst of the Inquiry Institute for Housing America, the retrieve tank for the Mortgage Bankers of America.
The study analyzed parking in five US municipalities—New York, Philadelphia, Seattle, Des Moines, and Jackson, Wyoming—using data from parking regime, metropolis departments of transportation, belongings taxation assessment offices, the US Census, satellite images and Google Maps. In what the written report calls "the get-go consummate parking inventories" in the five locations, information technology assessed the full number of parking spaces in each metropolis—whether on the street, in lots, or structures—and calculated the overall estimated replacement costs of parking infrastructure to come up up with the cost per household given local state prices.
Information technology concluded that parking can cost residents up $200,000 per household.
100,000 Parking Spaces for 10,000 People
The study found that there are more than 2 million parking spaces in Philadelphia, 1.85 million in New York, ane.6 million each in Seattle and Des Moines, and but over 100,000 in Jackson, which has a population of only 10,000. The rural resort town, known for great skiing and equally the gateway to Yard Teton and Yellowstone National Park, has more than than 50 parking spaces per acre—25 times its residential density of just two households per acre—and 27 parking spaces for each of household.
By contrast, with a population of just over 200,000, Des Moines has nearly 30 parking spaces per acre, or roughly 20 times its residential density (1.5 households per acre). At one.v million people, Philadelphia has 25 parking spaces per acre, nearly four times the metropolis'due south household density of half dozen.8 per acre.
With its population of eight.five million, New York is the only metropolis in the study that has fewer parking spaces per acre than households—10—which works out to slightly more half a parking space (0.6) for each household. Only while anyone who has ever tried to park in New York knows how difficult it can be to find an open spot, the city likewise has the highest share of transit commuters in the US.
Perhaps the about eye-opening part of the report is the budgetary cost of all those parking spaces, which was arrived at by "calculating the median price of a foursquare foot of land … and making some conservative assumptions about the construction costs of surface and structured parking," Scharnhorst says. While parking cost each household over $75,000 in Des Moines, more than $100,000 in Seattle, roughly $thirty,000 in Philly, and just $6,570 in New York, it costs each household in Jackson almost $200,000.
Of course, self-driving cars will get in first in major metropolitan areas, where human-driven taxis and ride-sharing vehicles are already deployed in large numbers and there's an established market—and more jockeying for available parking spaces. But while Waymo'south self-driving cars toll about $250,000 each, perchance Jackson, Wyoming, may want to consider wooing the company's robo-taxis to the resort town and converting scarce and valuable existent manor now used for parking to other purposes. And salve money in the long run.
Nigh Doug Newcomb
Source: https://sea.pcmag.com/news/28735/the-high-cost-of-parking
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