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A comment on LA getting serious about lifting parking requirements in downtown. Parent comment

Re:LA getting serious about lifting parking requirements in ... by michaelt on Thursday August 08, 2019 @07:05AM (#20643383) 

  If I was a builder, my incentives are
  closely aligned with the city
Imagine I've got a fixed-size plot of land, and I'm constructing a 12 space parking lot and a 3-floor building with 3 apartments per floor. 1 space per apartment, plus 3 spare for guests/deliveries/two-car families. No underground parking or anything, just a basic paved lot.

I'm planning to sell all the apartments and move on to another project, so I won't have to solve any parking problems residents or locals end up having.

I have the option to add an extra floor on, so there would be 12 apartments - but no guest parking any more.

What do you imagine my incentives are?

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Re:LA getting serious about lifting parking requirements in ... by refurb on Thursday August 08, 2019 @09:09AM (#20644135)
It’s more complex then you are making it.

I won’t replace parking with units unless that makes the building more valuable overall. If there is a strong demand for parking spots, the existing units are likely to lose value by having no parking. And I’d also have to shell out cash upfront to compensate them.

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