Parking Availability and Pricing
Several different parking management strategies exist:
While the evidence on the direct impact of parking on vehicle miles traveled (VMT) is scarce, all studies show that increasing parking prices will reduce demand for parking (Salon et al., 2012, paywall; Spears et al., 2014). Furthermore, some studies show that adaptive parking pricing can reduce "cruising" for parking (i.e., circling for parking), which can generate congestion and a substantial amount of greenhouse gas emissions (GHG). The possible co-benefits of a reduction in parking demand include congestion relief, increased commercial activity, and the creation of opportunities to re-purpose parking lots for other uses, including housing or open spaces (Spears et al., 2014).
- Minimum parking requirements can increase the cost of housing and goods by folding parking costs into the price of development.
- Reducing parking requirements or increases in parking prices should be considered in light of the other travel options available; that is, ensure that people have reasonable alternatives to driving and/or parking choices.
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Research Reports & Briefs