Monday, April 14, 2014

From Bloomberg Businessweek
Cities Haunted by Too Many Parking Spaces

After decades of copying sprawling suburbs by accommodating the automobile, U.S. cities are starting to tear up their slabs of asphalt.
In Philadelphia, construction will begin by July on a 700-room hotel on a plot near City Hall where vehicles have parked since 1991. In Baltimore, an apartment tower may rise on a parking lot along the Inner Harbor.
Offering developers tax incentives and zoning changes, officials are seeking to remove parking facilities in favor of projects that will draw more revenue, while making their communities friendlier to pedestrians as people eschew cars. Read more: Parking Lots Demolished in Cities’ Revenue Bid as Driving Wanes - Businessweek

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