Parking Proposal Pending at Present Parliament Powwow
Parliament = City Council, ok? We love 'literation.
We mentioned the plan a while ago, but it appears to have legs, so here we go again. Brewster is proposing creation of what he calls the "Austin Parking Enterprise." The city would partner with developers to own parking garages in buildings being developed. Initially, it would operate the Seaholm garage and any in the Green Water Treatment Plant redevelopment. We're scared that this proposal will mean more parking gets built, making downtown more car-centric and pedestrian-unfriendly than it already is. According to the proposed policies, the Parking Enterprise "should seek to maximize the availability of public parking" and "may finance more parking spaces than are required for an associated private development."
This doesn't seems like a financial bonanza for the city. According to the Statesman, "McCracken believes [the parking garages] could be financially beneficial for the city because it could lower construction costs by issuing low-interest debt and wouldn't have to pay property taxes on the finished product. The city also would be willing to accept lower profit margins than private developers." Issuing debt and accepting low profit margins doesn't sound real "financially beneficial" and not having to pay property taxes cuts both ways, since the city and the schools get most of those property taxes.
Plus, there will be political pressure to keep the rates charged by these parking garages below market. In Ben Wear's amusing anecdote about smashing his car into the payment booth at the City Hall parking garage, he complains about having to pay for parking "In a government-owned garage????!!!" This is the same sort of argument that toll-road opponents often make: if everyone's taxes helped build it, why should I have to pay to use it? This argument makes sense if everyone benefits from the person using the thing that everyone's taxes helped pay for. Riding the bus benefits everyone by reducing fuel use and road congestion, so everyone's tax money should support that. Ben Wear parking at City Hall (or taking a toll road or buying gasoline) benefits Ben Wear and does some slight harm to everyone else, so he should have to pay for it himself and pay a little extra for public benefit. If the city decides to operate parking garages, it should maximize profits. If political pressure causes the city to reduce the rates, then this will be just another government subsidy of car-centric culture.
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