|
Parking Garage - DT Centre
Note this is primitive research at best but there is an online article (2014) that I read stating the cost to build an above ground parking garage in Toronto would likely cost approximately $35,000 per space.
100 spaces - $3,500,000
200 spaces - $7,000,000
300 spaces - $10,500,000
500 spaces - $17,500,000
This is why you don't have entrepreneurs chomping at the bit to build parking garages.
Just imagine the cost recovery?
Am I out to lunch on this topic or am I somewhat on track?
|