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The Deal With the Parking Ratios

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Speaking of parking, Streetsblog takes a look at the sometimes surprisingly high parking-to-home ratio of recent residential developments, given the city's continued trumpeting of its "transit first" policy. Developers cite marketability to condo buyers, but they also in turn point the finger at national banks that look for one to one parking ratios, and who aren't really down with the local vibe. Emerald Fund did the math and went the opposite way for its 333 Harrison rental project anyway, explaining that excavation for each single parking space would cost $60,000, while one space would only bring in $200 a month. [Streetsblog]