Chicago no longer requires new housing to include parking. It's making housing construction more affordable. For decades, developers were forced to build parking and buyers were forced to pay for it.
Chicago has a market for parking reform
DYK Chicago sold their street parking to Morgan Stanley for 75 years for $1 billion? It took Morgan 15 years to recoup their money and now it's all profit. If Chicago wants the parking for a parade, maintenance access, etc, they have to pay.
If Chicago wants the parking for a parade, maintenance access, etc, they have to pay.
and get preapproval. it's ridiculous.
Whats worse is the parking was sold seperately by the developers from the units because the law said you had to have the parking but did not require it to be coupled to the units. I did not mind the parking requirment but my big beef was it should stay with the unit and the unit owner should not be limited to only putting a car in the space (which most buildings restricted it to).
So you'd rather force blind, epileptic, vertigo, mobility impaired and many other suffering people to pay more on essential living needs for utilities that they cannot ethically or legally use?
I in no way said that. I said I did not mind the requirement. Space is limited in a condo so a cheap per square foot but not climate controlled bit that you can put a storage pod on is nice but when its limited to only having a car there is the real problem.
Yeah. And ill pay more for the world to be more accessible for them even though i dont need it.
There's 0 chance these units are any cheaper because they lack parking space. This just allows developers to charge even more money from vast majority of people.
So these buildings can only be sold to people that don’t own cars and are barred from owning cars while they live there?
barred from owning cars while they live there?
Yeah, just like how if there isn't a bus stop at the door of the building, that means anyone who lives there is barred from taking a bus. /s
Oh, no, we'll have to build trains in Chicago.
Have you ever drove in Chicago? It's the worst thing about Chicago.
Indiana resident, can confirm
Had to pick my sister and niece up from O'hare. I was a little nervous on the way there, but once they were in the car with me I was terrified.
No, its just that if you own a car there you'll have to put it elsewhere, whether that's buying a parking spot elsewhere or finding street parking.
I live in an apartment without parking (ok there are spots for more than I'm willing to pay extra) and so I park a ways away and am more of a walker than a driver.
I would just like to be able to take the train everywhere personally... but can't do that in the US. The apartments that do have parking don't ever have enough if they're "affordable" enough and the ones that have none at all are the same price anyway. Nothing makes sense right now. Nothing.
Hell yeah!! My city!!!
Chicago is already a reasonable place to be car free. Much more so than most of the US.
Jersey City has been posted on this community a few times.
I've read somewhere that if an apartment builder builds a park next to the building, they get a lot of incentives including tax breaks. I really like that rule. It must be worth it since almost all the new big builds I see, there is usually a park next to it.
It also helps grease the wheels for communities to approve the building permit. Not even so they get a new park, but so they're current park that they use doesn't get overcrowded.