…by the City of Austin.
Still, today’s market demands parking, and lenders will continue to require their businesses to deliver a minimum number of parking spaces.
It would be a symbolic and legal step forward though because minimum parking requirements have many negative effects, including:
- Generate greater automobile usage and reduce use of transit and walking.
- Increase building construction costs and make units less affordable.
- Negatively affect the aesthetics of the built environment.
- Perpetuate the inefficient use of available parking. (Currently many parking spaces in garages downtown sit empty throughout the day and night.)
“The city of Austin currently requires businesses to provide a certain number of parking spaces proportionate to the size of the business’s building. Multiple city commissions have expressed support for changing this requirement.
Colin Pope, editor of the Austin Business Journal, said that eliminating the requirement would be more of a symbolic move because developers would still provide parking to keep tenants happy.” – YNN