Quote:
Originally Posted by ardecila
Yet many developers still choose to build lots of parking despite their ability to skip it. I think both the market demands parking in certain segments, and the city hasn't provided enough alternatives. Since we don't have height limits, developers simply slap their housing on top of huge podiums, killing the street vibe.
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Potential buyers demand parking to an extent, but just as importantly the people financing these projects do too—a building with less parking is seen as riskier than one where everyone has a guaranteed, sheltered space or two easily accessible by the building’s elevator, even in transit-rich parts of Chicago.
There’s much more to improving an urban environment than changing regulations—ingrained assumptions and accepted practices often need to be reexamined or altered, which is very hard to do when change is seen as putting someone’s investments at risk.