Urban parking strategy- Cities can reduce the cost of doing business

Parking is required to attract businesses and customers to any given area. However, often in urban areas, individual parking requirements can be prohibitive to developing smaller lots and creating walkable urban environments. A few strategies can be utilized to provide necessary parking, attract businesses and customers, and create a walkable environment. First is to unbundle parking and individual property parking requirements. Utilize on-street parking to meet parking needs and allow a parking shed strategy. As long as adequate parking is provided within a 5-minute walk or quarter mile then an individual business does not need to provide their own parking. In urban environments it is beneficial for the municipality to provide central parking locations in the form of parking garages.

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