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by CydeWeys 611 days ago
There's not that much free space available. It's a maximum of 10%. Almost everyone who was ever going to be able to go here is able to do so, they're just paying more for the privilege and they aren't wasting as much time driving around creating traffic trying to find parking.
1 comments

Let's say there are 500 parking spots. With free parking and a vibrant area, all spots are taken and there are N people circling around looking for parking. Not sure what N is but let's say 50 (seems reasonable).

If after the price increase there are 10% (50) parking spots open, that means at least a 100 people went elsewhere (20%). That's a pretty significant drop in business to the local stores.

And speculation aside, I've seen this happen in two downtowns I frequented. Parking meters were installed, people went elsewhere, the vibrant downtown died and was boarded up and abandoned. And it's not just a transfer of business to a different location, but a loss of cultural significance. Because the old downtown had artists and musicians who no longer have a place at the strip mall. The stores moved, but the culture was lost.

> If after the price increase there are 10% (50) parking spots open, that means at least a 100 people went elsewhere (20%).

Your math ain't mathing.