Re: SBWTC /South Boston Waterfront Transportation Center/Seaport/ S Boston
Remote airport parking is something you put in less congested, lower-land-value areas. It doesn't make any sense to put remote airport parking in a booming, new, expensive neighborhood right next to downtown.
The rub is that in this town the airport itself is essentially in a booming, new, expensive neighborhood right next to downtown. e.g. Fan Pier is closer to terminal A (1.5 miles) than to Copley Square (1.6 mies).
Consider these prices for 24 hours of parking:
$38 - Post Office Square
$36 - South Station
$32 - Logan Central Parking
$28 - Harvard Square
$25 - CambridgeSide Galleria
$23 - Logan Economy
$22 - Museum of Science
$20 - Ipswich St (non-gameday)
$7 - Wellington
$7 - Alewife
The takeaway is that it MIGHT make sense to put remote airport parking in a booming, new, expensive neighborhood IF AND ONLY IF:
- you are a financially self-sustaining public authority which
- has a limited range of chartered revenue sources, of which parking is a major component
- parking on the airport side of the harbor is already at (actualy well above) its statutory cap
- you have minimal carrying cost for land and can borrow at better rates than your private sector peers
- you can offer a price point (~$25) dollars that is in the same range as your other airport garages AND in the same range as competing urban garages.
I know its meant to serve more than airport customers. But its important to keep in mind here that - at least in terms of their income statement - Massport is a parking operator that also runs an airport as a demand generator for its garages.
But it has neither the land nor the authority to build more parking in Eastie. And it has both of those things in Southie.
(Plus when they eventually add a 'Logan Express SBW/BCEC' bus, it can access the garage more or less directly from the pike, even if the SL still has to go around the block twice...)