Wednesday, September 17, 2008
Funny stats… per the PBT is word of a new study showing that Pittsburgh has one of the highest parking rates in the country.
Yet at the same time, parking utilization is clearly at full capacity. What's it mean? Is Downtown parking a market failure or just a reflection of the tight geography and density of jobs that have remained there. Maybe the high parking rates are an unavoidale consequence of just how successful business retention has been Downtown. It's one of those simple things that shows how a number may be bad or good ( or is that bad and good) depending.
But I wonder..... Does Pittsburgh have the highest ratio of parking rates to housing prices in the nation? And yes this is a ridiculous thought, but are there any areas close to town where people might find it cheaper to buy a parcel merely to gain a place to park?