Free Parking Fallacies

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A MyParkingSign.com Report Catesby Holmes with Conrad Lumm

description

Excessive free parking is costing America an amount that many individuals aren't aware of: http://www.myparkingsign.com/blog/free-parking/

Transcript of Free Parking Fallacies

Page 1: Free Parking Fallacies

A MyParkingSign.com ReportCatesby Holmes with Conrad Lumm

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America’s highway and parking systems were put into place in the country’s wealthiest years, during the period between World War II and the oil crises of the ‘70s. This spirit of excess led to urban-planning practices that treated parking as an afterthought (even though it often takes up more space than the buildings it surrounds).

The result? A country overstocked with underused parking spots.

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Property developers must obey municipal regulations, which dictate how many parking spaces they will need.

… But minimums are rarely studied or revisited: in 45% of cases they’re simply copied directly from nearby cities5, with little scientific basis or site evaluation.

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Has anyone actually studied miniature golf courses, and determined how much parking they need?

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Our sales statistics show that the public is embracing more organized parking. Whereas twenty years ago, the market was dominated by a few basic templates, customized parking signage is selling like never before.

• Stricter time limits on signs• More parking permits required• Reserved parking for compact cars and carpooling

Some other trends we’re seeing

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• Parking lots are more organized and information-rich than ever before, as business owners maximize efficiency for their entire footprint, not just the store.

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• Towns and property developers are starting to implement dynamic pricing, in which drivers pay according to demand, as a smarter way to recoup the costs of providing parking.

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• “Free parking” as a public right is diminishing, and we’re starting to see a nationwide rethinking of whether we really need those oversized parking minimums.

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