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American Parking Saturation

No.1493046 View ViewReplyOriginalReport
America devotes far too many of its precious resources to parking. This is especially troubling given that driving is in decline. For example, the share of Seattle households with a car has fallen for the first time in at least 40 years, and the percentage of U.S. high school seniors with a driver’s license is at “a record low”—down from 85.3 percent in 1996 to 71.5 percent in 2015. Meanwhile, ride-sharing is up, and cities and real estate developers are striving to reduce parking requirements.