Tuesday, August 31, 2010

Webpage - Reducing or eliminating parking in support of TDM initiatives

Building and maintaining parking is an expensive proposition. On average, constructing and maintaining one parking space over its lifetime costs about $25,000, but costs can fluctuate depending on the jurisdiction. Municipalities that are proactive in reducing the number of parking spaces in favour of transportation demand management (TDM) measures, therefore, can reduce these costs as well as gain a number of other benefits.

[Transport Canada Webpage - excellent resource. -MH]

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