Flexible Parking Better Than Parking Garage

Santa Monica’s commercial areas were sleepy, under-performing and shabby just a few decades ago. To revive it's commercial district the city approved millions in funding for municipal parking structures in the heart of downtown.

Today Santa Monica’s commercial area has thriving  pedestrian-friendly retail streets filled with successful restaurants and shops.  The north side of Wilshire Blvd maintained the old pre-1986 Standard Parking requirements,the south side implemented the new flexible parking requirements.

Properties in the flexible parking requirement area generate eight times more sales tax revenue per parcel than the properties in the standard parking requirement area. Businesses are generating all that revenue with a fraction of the onsite parking.

See full story at Laguna Streets.