Good.
Now can we remove the free street parking from Manhattan?
Now can we remove the free street parking from Manhattan?
It's so bad, now when I drive through Manhattan and see an open free parking spot I get a twitch urge to park there immediately. Even though my destination is in Queens...
How many of those are free, since that was the claim? Nothing in Midtown is free, for instance.
If you were to double or triple that number(which is unlikely), that still means the vast majority of parking in NYC is absolutely free of charge. That 3M number also doesn't take into account all of the 'No standing', 'No parking', sidewalks or bike lanes which have been repurposed into parking by people with parking placards, PBA cards, or whatever other miscellaneous artifacts allow drivers to leave their cars wherever they want with impunity[1].
What I find amazing is that people have an expectation of being able to bring a several thousand pound object that is bigger than many NYer's kitchens, into one of the densest parts of the country that is served 24/7 by public transit and for-hire vehicles, and store it for free. Even tourists with tiny suitcases have to pay to store their suitcase somewhere.
[0] https://nyc.streetsblog.org/2011/03/22/new-york-has-81875-me...
Yes, they absolutely should. Here in Chicago, a residential street parking permit costs $25 per year per car and allows you to park in a specific zone near your residence. 24-hour permits for visitors are sold in sheets that end up costing just slightly more than 50 cents each. The program more or less brings in revenue to pay for itself but makes getting street parking much more fair.
Oh, I forgot to mention that you cannot buy more then 45 of the 24-hour passes per 30-day period. And that's per address, so if you have roommates or a spouse their purchases are all aggregated together.
In the center of Copenhagen it's $4-6/hour.
30 days x 12 h/day x 5 US$/h= 1,800 US$ month x 12 = 21,600 US$/year
Typical rent 5% of value.
21,600/0.05= 432,000
Size of a parking spot 5x2.5 m = 12.5 sqm, let's make it 15.
432,000/15= 28,800 US$/sqm
Cost of a house in Copenhagen (centre):
https://www.numbeo.com/cost-of-living/in/Copenhagen
47,555.60 kr = +/- 7,500 US$/sqm
That is for an apartment, not a full house of multiple storeys. If you have four storeys (counting the ground-floor), then interestingly the costs would be roughly on par. I am not sure, how many storeys the houses are supposed to have in Copenhagen.
There is NO market in the world AFAIK where 1 sqm is considered multi-storey, a house that is 100 sqm in plan and is 2 storeys is a 200 sqm one.
The opportunity cost of 1 sqm of street parking space is not 1 sqm of "living unit", but 1 sqm of land.
If 1 sqm of apartment is worth $7.5K/month, and average building height is 4 stories, that suggests 1 sqm of land is worth approximately 4 * 7.5 = $30K/month (minus value of the building).
16 will be 4 times that.
My note was not about "opportunity cost", it was about the (extremely high) "rent" that a parking space at 5 US$/hour represents compared to its cost.
If you buy a 50-55 sqm apartment/flat/living unit in Copenhagen, you spend roughly 400,000 $, you can possibly rent it for 5%/year, i.e. around 20,000 $/year.
If you can manage to extort 5 $ /hour (for 12 hours/day) for a parking space which is 1/4th of area (and is not a building) you get more or less the same.
In the downtown core of much of the east cost US, you're looking at $20+ for a minimum period of 3 hours. On the other hand, in my small city in the midwest during my adult life parking has gone from $.50/hour to $1.60/hour, and people have been outraged by each incremental increase.
Edit: noted that $20+ is often for multiple hours, but you regularly can't buy a single hour for $7, you're stuck paying a min of $20 upfront.
Sounds pretty par for the course for a parking garage in an upscale part of Boston or DC with a minimum charge.
For convention centers, hospital clinics and other "people who have to come from far away must come directly here and they are likely to have a situation whereby public transit is impractical" type destinations $20 would be cheap.