Monday, October 18, 2004

Cost Comparison

On a panel at a NAIOP Conference on Boomtowns around Charlotte, NC one of the speakers related the cost of parking. Their son lives in New York City where the cost to park a car is $18/hour. In Charlotte it is $15/day. In the small boomtowns around Charlotte it is zero.

For a 250 day work year that is a cost of $36,000/year in NYC; $3,750/year in Charlotte; and still zero in the boomtowns.

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