Yes, but concrete parking structures are an order of magnitude moreso. Assuming $50k per parking spot and a 25-year mortgage, each spot will incur $328.58 in monthly mortgage costs. Assuming full occupancy every workday and zero on weekends (21 workdays per month) that means the daily parking fee should be $16 just to break even. This is a thumbnail sketch of course, but it shows the kind of costs we’re talking about.
Upfront, yes. But you’re not counting the energy that everyone uses and will forever have to use to roam around a city that is way larger than it needs to be. Not to mention the obvious wasted land.
Yes, but concrete parking structures are an order of magnitude moreso. Assuming $50k per parking spot and a 25-year mortgage, each spot will incur $328.58 in monthly mortgage costs. Assuming full occupancy every workday and zero on weekends (21 workdays per month) that means the daily parking fee should be $16 just to break even. This is a thumbnail sketch of course, but it shows the kind of costs we’re talking about.
Then youve got maintenance, insurance, security, employees…
Upfront, yes. But you’re not counting the energy that everyone uses and will forever have to use to roam around a city that is way larger than it needs to be. Not to mention the obvious wasted land.