The High Cost Of Free Parking

The cities we live in are shaped by the way we get around them. Over the past 60 years, with more and more people opting to drive cars, the need for parking spaces has increased with the boom in driving.

To accommodate that demand early on, cities and towns started requiring developers to include parking with their new buildings after World War II.

These policies, known as mandatory parking minimums, set precise standards for parking spaces for each building.

And these parking spaces don’t come cheap.