- September 2nd, 2019, 3:51 pm
#108318
A realistic cost per space that’s accepted industry wide (and the webmaster of this site has chimed in on this before, and he works in urban planning, so if you want to argue with him, be my guest) is about $20-30000 per spot. I used your info.
Having said that, according to accepted industry estimates that would mean a 1500 space parking building would be $30mill.
We’ve had this discussion here before. It’s been discussed before on other boards.
In 2000, Disneyland built a parking garage for about 10,000 cars. It cost $90million.
Cedar Fair couldn’t justify that in any scenario. And that’s 2000 dollars. Today that would be over $134million.
And spending $8mill for a parking structure of that size, or any size would be fiducially irresponsible. Do you know how many flats you could get with that? Especially since there is plenty of room to expand a parking lot without building a parking deck that is much higher maintenance than a simple lot.
Having said that, according to accepted industry estimates that would mean a 1500 space parking building would be $30mill.
We’ve had this discussion here before. It’s been discussed before on other boards.
In 2000, Disneyland built a parking garage for about 10,000 cars. It cost $90million.
Cedar Fair couldn’t justify that in any scenario. And that’s 2000 dollars. Today that would be over $134million.
And spending $8mill for a parking structure of that size, or any size would be fiducially irresponsible. Do you know how many flats you could get with that? Especially since there is plenty of room to expand a parking lot without building a parking deck that is much higher maintenance than a simple lot.
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