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Re:MTA board votes to approve new $15 toll to drive into Man... by cryptonector on Wednesday March 27, 2024 @03:48PM (#39843740)
Maybe Manhattanites should have to pay $15/day to park their cars on the street. That would quickly curb traffic issues in the city.
Re:MTA board votes to approve new $15 toll to drive into Man... by apstls on Wednesday March 27, 2024 @04:18PM (#39844090)
I would love if (_consistently available_) $15/day street parking was a thing in Manhattan, it'd be a good deal cheaper than garages and obviously a lot more convenient than keeping your car elsewhere. There isn't much benefit to having a car in Manhattan for day-to-day life, but it would be nice to have for things like day trips. Right now I park my car about 45 minutes away in another borough (at my family's house) so when I do need to drive I have a +90min fixed cost added to my commute time.
Re:MTA board votes to approve new $15 toll to drive into Man... by jcranmer on Wednesday March 27, 2024 @09:03PM (#39846618)
FWIW, Manhattan commercial real estate goes for about $80/ft²/yr. A parking space therefore costs about $40/day in real estate rent, so $15/day is well below costs.
Re:MTA board votes to approve new $15 toll to drive into Man... by supertrope on Wednesday March 27, 2024 @09:46PM (#39846906)
Is that $80/ft^2/yr raw land value? Indoor space cannot be directly compared against a spot in a garage that’s not climate controlled and is more vulnerable to vandalism.
Re:MTA board votes to approve new $15 toll to drive into Man... by supertrope on Wednesday March 27, 2024 @07:37PM (#39845956)
For more on this solution read The High Cost of Free Parking by Donald Shoup.