Aside from the less pleasant aesthetics of American stadiums’ surroundings, car parks are surprisingly costly. “In Australia, each parking space in high-density locations is worth about $100,000”, says urban planner David Mepham, who recently published the book Rethinking Parking. “Yet a lot of that parking is not very well used, if it’s used at all.”
In Melbourne, an estimated 25-41% of parking in apartment blocks in the inner city — which developers are often mandated by law to build — stand vacant. Such unused parking costs Australians more than $6 billion.
For public projects, the cost can be even higher. The Victorian government recently announced a new car park for Frankston station, which will cost approximately $174,000 per space. That money could buy a lot of extra bus services or bike infrastructure, so people wouldn’t need to drive there. But as the Morrison years taught us, politicians still go to great lengths to cut the ribbons on new car parks.
Parking
In some cities, parking takes up most of the space in the city’s downtown core. In Regina, for example, nearly half of private land in the city’s downtown core is parking lots.
In the city of Toronto, a bylaw dictates that a parking spot should be 5.6 metres in length, 2.6 metres in width and have a vertical clearance of two metres. This comes to around 156 square feet for a single vehicle, while according to Canadian Real Estate Magazine, the size of the average Toronto condo is just under 650 square feet – around the same as the four parking spots Richardson cited.
“It encourages sprawl,” Richardson said. “It’s not being turned into housing and it helps lead to our housing shortage.”
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Rebecca Clements, a researcher at the University of Sydney in Sydney, Australia, told Global News that Minimum Parking Regulations (MPRs) have had a devastating impact on housing affordability in many industrialized nations including Canada and the United States.
“This forces developers to include parking everywhere, greatly contributing to building costs,” she said. “MPRs also reduce the diversity of housing and non-residential land uses, by effectively prohibiting zero-parking buildings which might otherwise be excellent designs.”