Freakonomics Radio

118. Parking Is Hell

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Mar 13, 2013
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INSIGHT

The High Cost of Free Parking

  • The biggest problem with parking is its price, which is often too cheap.
  • Free parking isn't truly free; the costs are passed on to everyone through higher prices and taxes.
ANECDOTE

Cruising for Parking: A Costly Exercise

  • A study in Manhattan found 28% of drivers cruised for parking, creating unnecessary congestion.
  • In Los Angeles, a study revealed cruising for parking added up to 3,600 vehicle miles daily in a small area.
INSIGHT

Parking Requirements and Urban Sprawl

  • Minimum parking requirements, common in city planning, contribute to urban sprawl and make walking less pleasant.
  • These requirements, based on the assumption of free parking, necessitate larger parking areas, increasing distances and hindering walkability.
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