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"This memorandum outlines the process, objectives, and findings of an analysis the City of Portland Bureau of Planning and Sustainability (BPS) engaged Economic & Planning Systems (EPS) to undertake regarding whether proposed density bonuses would create sufficient additional residual land value to compensate for newly-established regulatory requirements in Multi-Dwelling Unit zone districts."
This paper examines the relationship between ride-hailing and parking demand by looking at ride-hailing trips that otherwise would have needed parking.
Parking drives up the cost of development and puts the burden on tenants who purchase or rent housing in these developments. Most zoning codes and practices require generous parking supply, and tenants are forced to pay for parking regardless of if they are using it. This reduces housing affordability which has a disproportionate effect on lower-income households.
A study of five U.S. cities, New York, Philadelphia, Seattle, Des Moines, and Jackson, Wyoming was conducted to analyze how much land and money is being devoted to parking.
The City of Houston removed its minimum parking requirements for property owners in east downtown and part of Midtown. Developers in those neighborhoods will now be able to decide how much parking is needed for businesses and residences.
The growth of e-commerce in the past led to a decrease in brick-and-mortar retail presence, but it appears as if the tides are changing in favor of re-investing in the physical retail market. The line between online and physical commerce is beginning to blur, and companies such as Amazon aim to combine their strategies to expand in both markets.
As parking demand declines, some developers and designers are thinking about the long term uses of parking garages and designing them to be able to adapt to changing future land use needs.
Gas stations can be tricky sites to redevelop because they are often contaminated. However, developers around New York have recognized the potential in their often desirable locations and converted them into a variety of uses such as shops, offices, housing and places for generating renewable energy.
“This research examines office parking at a series of case study sites in suburban Southern California, identifying its impact on travel behavior, development density, development cost, and urban design.”
“Parking is expensive. We can break these costs down into two categories. One is the explicit fiscal costs of parking, to the provider and to the public. The other is the implicit opportunity cost of parking, which occupies land that could have been put to another beneficial use, and/or is often built at the expense of another beneficial activity.”
Credit Suisse predicts that as many as 25% of U.S. malls will close by 2022 due to the rise of e-commerce, discount chains, retail bankruptcies and store closings.
This policy paper focuses on the primary concept of the street as space that can be repurposed – real estate that can be allocated in similar or different ways than done currently. Cities generally refer to this publicly owned and regulated space from one side of the street to the other as the right of way (ROW). Our focus is on the centrality of the ROW in dictating many other community functions and values – transportation and otherwise. And our particular bias is to focus on the opportunities that AV technology is likely to create to rethink how the ROW is allocated, so that our communities can meet their substantial and unique environmental, social, and economic challenges.
This chapter estimates how minimum parking requirements increase the cost of constructing housing, office buildings, and shopping centers. It also explains proposed legislation to limit how much parking cities can require in transit-rich districts.
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