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Parking issues and discussion (City of Victoria & Greater Victoria)


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#2841 VicHockeyFan

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Posted Today, 10:52 AM

 It makes sense if the parkade is part of a larger commercial building.   Dig down a few levels and have 2 levels above ground then put 4-6 floors of office on top of that.

 

Why does it have to be commercial?  Would anyone object to a 10-floor condo behind the arena?  You do that and the developer picks up the whole cost of the parking facility.  Why are we unable or unwillingly to think along these lines?



#2842 Nparker

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Posted Today, 10:53 AM

...Dig down a few levels and have 2 levels above ground then put 4-6 floors of office on top of that.

And then 10 floors of housing over the office levels.



#2843 On the Level

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Posted Today, 10:59 AM

I don't think there is enough profit to attract the private sector for a parkade.

If you limit the analysis to only the parkade, you miss the larger picture. A good example is the subsidy cost of the northern ferry route that was cut. The bc gov saved the subsidy cost at a greater cost in lost tax revenue that would have been received from tourism etc. Penny wise and pound foolish.

#2844 VicHockeyFan

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Posted Today, 11:07 AM

I don't think there is enough profit to attract the private sector for a parkade.

 

You give a developer free land, and the ability to go 10 floors.  The only proviso is that he builds 5 floors of parking for the public.  He gets the parking rents, and can sell the condos or rent the apartments.  I think that works.  In fact I think living in a 10- or 15-floor building behind the arena, across from the park and a rec centre is very desirable.

 

Another place we could have a lot is beside RAP.  It will not fetch as high a parking rent though.  We could have a parkade that spans the White Spot and former Sopranos parking lot.   There would be lots of demand for that.

 

2 lots on Quadra between North Park and Caledonia get $130/mo. for Robbins, and they are both full.


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#2845 Bingo

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Posted Today, 11:13 AM

I predict that by 2027 downtown parking will be $798 per month, plus $26.95 per day to charge your vehicle.


"I know nothing except the fact of my ignorance" - Socrates


#2846 jonny

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Posted Today, 11:27 AM

I don't think there is enough profit to attract the private sector for a parkade.

 

There absolutely could be if the city said we'll approve rezoning to 30 stories and a 10:1 density if you provide 200 public parking stalls in your building.

 

There would obviously be costs incurred by a developer in providing that public parking, but their condos would be more valuable with that perpetual parking revenue attached to the strata and they would be able to sell more condos than current zoning allows for.



#2847 Bernard

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Posted Today, 11:29 AM

You give a developer free land, and the ability to go 10 floors.  The only proviso is that he builds 5 floors of parking for the public.  He gets the parking rents, and can sell the condos or rent the apartments.  I think that works.  In fact I think living in a 10- or 15-floor building behind the arena, across from the park and a rec centre is very desirable.

 

Another place we could have a lot is beside RAP.  It will not fetch as high a parking rent though.  We could have a parkade that spans the White Spot and former Sopranos parking lot.   There would be lots of demand for that.

 

2 lots on Quadra between North Park and Caledonia get $130/mo. for Robbins, and they are both full.

 

Personally I would love to see the city sell all the parkades with the proviso that the people buying the parkades have to increase the total parking available when they redevelop the site.

 

The private sector would be much better at setting market rates for parking.    If the rates are too high the businesses downtown could offer their shoppers vouchers for free parking.   I really do not think it is the job of government provide parking for private businesses


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#2848 Nparker

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Posted Today, 11:40 AM

...2 lots on Quadra between North Park and Caledonia get $130/mo. for Robbins, and they are both full.

Does Glad Tidings see none of this revenue?



 



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