In LA, A Parking Space For $20K

The real estate boom has hit even the parking lot in LA. A new high-rise condo project in downtown Los Angeles offers the opportunity to buy a parking space for $20,000.

1 minute read

November 9, 2005, 7:00 AM PST

By Chris Steins @planetizen

"...Such prices may have been standard in tony sections of New York, Boston and San Francisco, long known for their walk-able downtowns and elaborate public transportation systems. But in Los Angeles â€" home to some of the world's first parking garages as well as those sprawling postwar shopping mall parking lots â€" the price tags are raising some eyebrows.

By charging separately for parking, said Shoup, author of "The High Cost of Free Parking," 1100 Wilshire in effect encourages use of public transportation by residents of the building, which is just a few blocks from a Metro subway stop."

FULL STORY: Want Deed to Park Place?

Wednesday, November 9, 2005 in The Los Angeles Times

Transportation California

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