1. Please don't patronize me. Despite your thinly vailed condescension, I'll have you know I studied economics through the graduate level and have written many an 'A' paper on urban economics in particular.
2. RFMIP Master Plan Update?
This old thing? I'd ask you to enlighten the forum on how an obsolete, 3-year-old master update for a marine industrial park has anything to do with a discussion about a condominium development 5.5 miles west, but I'll spare you the trouble--it doesn't. If you want to analyze demand of municipally-required parking infrastructure at new residential developments and the economic argument for building more of them, I think a review of
MAPC's Perfect Fit Parking Study will put a pin in that real fast.
3. I'm not anti-parking; I'm pro-problem solving. If the neighborhood has growing transit accessibility and pedestrian connectivity; higher demand for new development across all/most building uses; and a goal to remain affordable, then adding parking goes against its goals.
- When developers pay $60,000+/parking spot at new developments, they pass along that expense to the occupant--this makes the condos more expensive to purchase, or apartments more expensive to lease.
- When parking minimums are allowed to fester in place, it artificially inflates the cost of the building... which is passed along to the occupants, and hurts affordability.
- When we set aside space for on-site parking (particularly at- and above-grade), the opportunity cost is additional units for people to live/work.
- When office developments construct parking for peak-hour demand like at the forthcoming Allston Yards complex, the most efficient use of the garage there is if it can park more cars more hours of the day and night. There is an opportunity at this garage to appeal to neighbors with a monthly parking pass, either full time or reverse commuter option. This has been incredibly successful at other garages in the city and negated the need to construct additional park spaces.
- In a post-COVID working environment, it's becoming clear that many employers will have new options for employees to have flex schedules and/or work from home indefinitely. Such a change has a radical shift in the demand for vehicle ownership and dedicated car-parking storage. Among this, TNC proliferation, and more efficient shared mobility options throughout Boston, the demand for parking diminishes even further.
1:1 ratio parking here means the difference between actual labeling oneself Transit Oriented Development vs. actually being merely Transit Adjacent Development.
Dshoost -- I don't want to get into a "xxxx contest" about economics.
I have no degree in the field although I studied it formally as an MIT undergraduate [economics was my "humanities concentration" -- taking economics subjects over 3 semesters including one with Paul Samuelson] while I was pursuing my degree in Physics and studying electrical engineering extensively and working in several different R&D Labs. A couple of years later I took some graduate courses in economics of energy supply while I was working on my Ph.D. on R&D related to controlled thermonuclear fusion.
Since then economics, like architecture, history, and urban evolution, has been much more than a hobby though less than an occupation -- in particular I've spent quite a lot of time and "library research" exploring the impact of technology on enterprise and economic development and have some publications
My comments related to the need for parking especially for special circumstances such as 24x7 access
My primary reference point was: the 2017 Update to the RFMIP Master Plan dated Dec 2017 [admittedly parts of which date to 2015]
However, while not current -- It has a considerable amount of actual information [well opinion] gleaned from interviews of a fairly large number of folks who work in, or employ folks in the RFMIP and hence deal with the issues of parking on a daily basis
These interviews provide a fairly comprehensive view of the concerns which various categories of employers and employees have with respect to a large plot of land -- which is currently under utilized in part because there is not enough parking [especially on days when the cruise terminal is very busy]
The document is particularly pertinent to the discussion of 88 Black Falcon [despite the site being formally outside of the RFMIP]
I'm also, I hope a fairly keen observer of the dynamics that has transformed KSq and the South Boston Seaport -- in the decades since I was an MIT undergraduate and used to walk about KSq's emptyness [post the NASA clearance] and on down through the Fort Point and Fan Pier areas where there were a lot of abandoned old rail and old industrial / warehouse related infrastructure --- no one had any problems in those days finding a parking place
I'm also glad to hear that you are pro-solution
One thing which I now appreciate even more after reading the RFMIP document is that the spaghetti bowl or perhaps boiling pasta pot of regulations at different levels makes the task of coming up with workable solutions for the whole South Boston waterfront very challenging and very ponderous and onerous
I don't envy any of the people involved in those projects because of the huge amount of bureaucratic friction provided by the overlapping and in some cases counter intuitive requirements for compliance
Suffice it to say that the Back Bay would still be a tidal cesspool if current burden of regulations: [Commonwealth, the City of Boston and even the Feds] had been in effect mid19th C
PS: thanks for the link to the
MAPC's Perfect Fit Parking Study as I plan to review it