Austin parking requirements changed to encourage affordability, public transitAustin parking requirements changed to encourage affordability, public transithttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=301802023-11-07T06:00:00Z2023-11-10T00:00:00Z

AUSTIN – City leaders have eliminated parking requirements for any new construction throughout the city, allowing developers to determine how much on-site parking they need.

This aligns with the city's goal to become more transit-focused as it pumps billions of dollars into a light rail plan throughout the city.

According to the Austin Business Journal, developers have said for years that parking requirements drive up project and housing costs and have been a major deterrent to creating new housing options throughout the city.

Research conducted by city staff determined that surface parking spaces cost Austin developers between $5,000 to $10,000 to construct per space, while parking in a built structure can cost between $25,000 and $60,000 per space.​

Austin Business Journal
Austin-Round Rock
Infrastructure & Transportation
https://www.bizjournals.com/austin/news/2023/11/06/austin-lifts-parking-restrictions-on-development.htmlRead more at {Source}

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