Washington, D.C. – April 2, 2014 – Costanza’s universal theory of parking states that drivers should never pay for a spot because, if they apply themselves, they’ll get it for free. Most U.S. cities do everything they can to abide the theory. They undervalue the price of street spaces. They keep parking so cheap it encourages driving (and thus undermines their own transit investments, leading to more driving). And they require a minimum number of parking spaces for new developments whether residents need them or not.
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