Quote:
Originally Posted by tmacdougall
Anyone got $17,500,000 laying around?
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Your price tag of $17.5M is on the assumption that building a parking garage in Moncton is as expensive as it would be to build one in Toronto. I find this tremendously difficult to believe.
Again, this is less about parking garages breaking even (spoiler: they won't) and more about generating general economic activity in the area they service, as well as freeing up space for surface lots to be developed.
Anecdotally, if Moncton has parking garages I'm much more likely to visit downtown than I am if the only options I have are street or lot parking. I'm sure I'm not alone on that.