Shared parking allows businesses and property owners to utilize a common parking lot instead of building parking lots for individual businesses. Businesses with daytime parking demand can partner with others who need evening or overnight parking to share a parking lot.
Read more on shared parking from the city of Alexandria, VA.
By sharing a parking lot, businesses save space along with building and maintenance costs. This can protect space for more productive uses, avert construction-related emissions, and optimize the traffic flow through the parking lot.
Challenge Participants Currently Adopting This Practice
- Bella Luna
- West On Center
Financing Options, Incentives, And Rebates
- TDM Encyclopedia
- EPA: Parking Study
- Example of a Shared Parking Agreement Clause | Example #2
- Shared Parking Fact Sheet
In The News
- “Restaurant May Go on Old Motor Inn Site” Boston.com 2010