• Pxtl@lemmy.ca
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      1 year ago

      Yes, but concrete parking structures are an order of magnitude moreso. Assuming $50k per parking spot and a 25-year mortgage, each spot will incur $328.58 in monthly mortgage costs. Assuming full occupancy every workday and zero on weekends (21 workdays per month) that means the daily parking fee should be $16 just to break even. This is a thumbnail sketch of course, but it shows the kind of costs we’re talking about.

      • Ddhuud@lemmy.world
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        1 year ago

        Upfront, yes. But you’re not counting the energy that everyone uses and will forever have to use to roam around a city that is way larger than it needs to be. Not to mention the obvious wasted land.