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Originally Posted by dougvdh
Eagleson Park'n'ride cost $47k per spot for surface parking.
Glebe Mobility Hub cost cost roughly $75,000 per spot (excluding land value). If use net new parking spaces, it was over $100k per spot.
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I don't buy for a second that these spots don't include the cost of land and/or some substantial abatements that boosted either construction costs or the actual design costs.
Are we seriously suggesting for example that every Canadian Tire and Walmart spends $47 000 per parking spot, or every mall spends $75 000 per spot for their parking structures. Sorry, I don't find that data credible to generalize on.
Great blog here from Sean Marshall (also posts at UrbanToronto). He has some figures in his article.
https://seanmarshall.ca/2015/11/12/g...-free-parking/
GO spent $39 000 per spot building the Oshawa GO station garage. And they spent $200 per spot annually on maintenance.
Quote:
Originally Posted by dougvdh
Absolutely bare bones, multi-storey above grade might be do-able for $25k per space (construction costs), but that excludes site related costs, approvals, professional fees.
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Nothing more than bare bones is required since this lost isn't going to be a public one.
Quote:
Originally Posted by dougvdh
The dirty secret about most pay parking is that it's a loss leader. Especially apartment parking - usually the cost of provision is being subsidized through everyone's rents. There's a good reason that the private sector parking companies aren't building new parking garages.
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Apparently, you've never bought a condo. You pay for the spot. And these days, it's $30k.
In any event, whatever the cost, it's up to them to provide adequate parking and charge for it as necessary. Like I've said earlier, they could get away with charging several hundred per month because people need the spot. Telling employees that they shouldn't quit because they'd provide parking for cheap and then telling them to go pound sand was some terrible leadership and borderline unethical. There's more than a few folks who would have changed jobs or bought cars anticipating there would be adequate parking.
There's now retention surveys going around and they are trying to canvas to found out if people really do intend on leaving because of this situation.