If We Want a Shift to Walking, We Need to Prioritize Dignity

Re:If We Want a Shift to Walking, We Need to Prioritize Dignity by throwway120385 on Tuesday July 30, 2024 @02:11PM (#41112329)

They've already done so. They're just waiting for the economics to make sense before they convert the land. The parking lot is just how they're paying taxes and the mortgage on the land.

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Re:If We Want a Shift to Walking, We Need to Prioritize Dignity by konschubert on Tuesday July 30, 2024 @03:02PM (#41112935)

Land Value Tax would fix this.

But even without, it’s crazy that you can afford the mortgage with the parking fees.

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Re:If We Want a Shift to Walking, We Need to Prioritize Dignity by AlchemistCamp on Tuesday July 30, 2024 @03:20PM (#41113126)

I'm definitely on board with a land-value tax. It would be a significant boon to productivity, economic mobility and even growth.

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Re:If We Want a Shift to Walking, We Need to Prioritize Dignity by vel0city on Tuesday July 30, 2024 @05:56PM (#41114519)

Say you've got a lot with like 420 spaces a few blocks away from Minute Maid Field in Houston. You charge $25 for parking during the event and you're guaranteed to fill it up every game. 81 home baseball games a season. That's $850k in revenue a year, practically guaranteed, and just for the baseball games. How many other events will they host there?

Let's say on an average workday your lot is like 60% full. You charge like $8/day for normal workdays or something. 252 spaces * 8/day ~$10k/wk. Lets say 50 of these normal weeks in a year, that's $504k in parking for the normal workdays.

Normal workday and baseball games gives you ~$1.35M in revenue for something you need to repave every decade and paint every couple of years.

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