The Price of Unwanted Parking
Relaxing minimum parking requirements allows developers to be more creative and efficient in supplying housing, especially in inner city areas. By mandating that all parking must be on-site, minimum parking requirements have delayed the revitalization of inner-city areas where stately buildings simply lack the room to comply with the law. Like for other goods and services, consumer preferences about parking are many and varied. Relaxing constraints on parking allows developers to meet those many and varied preferences, and in so doing, to provide more housing.