End Parking Mandates, Get a Free Bus Pass
Building owners paid Metro Transit $14 per month for each unit and offered one pass per household as part of their leases. (A regular Metropass for unlimited rides costs $83 per month.)
In case you were wondering, that comes to an 83 percent bulk-rate discount being offered by the transit agency.
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“We also provide a community car for our residents, if they have a doctor [appointment] or they have to go shopping,” Hall said. “I don’t know of any other community, at least around here, that does that.”
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When you offer free transit, it makes it easier to fill up an apartment building without having to dedicate as much precious real estate to parking spaces.
As of 2021, each space in an above-ground parking garage costs about $27,000 just to build; financing and other “soft costs” add thousands more.
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If a landlord is not legally allowed to save everyone money by providing transit passes instead of parking spaces, then they won’t.