Manhattan is at least as dense as London, and land values must be about the same. The market cost of parking in London far outweighs the cost of the congestion charge, so presumably that's the same in New York.
Seems that renting a square foot of downtown Manhattan land is about $60/year. A parking space being about 200 square foot, that's $1k a month if paying the actual rate, just for parking (let alone the road space)
Seems that $200 a month is small when compared to the actual cost.
Not a fair comparison. Private owners have to pay property taxes and renters have exclusive use.
Never mind that the land value for a curbside parking spot on the side of the road is substantially less simply because you can't build anything on it.
Curbside parking still has opportunity costs. Why dedicate scarce publicly owned space in NYC to subsidize suburbanites, when it could benefit New Yorkers?
Seems that renting a square foot of downtown Manhattan land is about $60/year. A parking space being about 200 square foot, that's $1k a month if paying the actual rate, just for parking (let alone the road space)
Seems that $200 a month is small when compared to the actual cost.