Maintain parking exemption

Oct 14, 20200 likes2,068 views

This letter urges the Bellevue City Council to maintain its current relaxed restrictions around parking within a half mile of transit. It provides three key reasons why this parking exemption is important: 1) It will help increase affordable housing supply and reduce housing costs, as parking requirements drive up costs. 2) It supports the city's investment in transit by encouraging transit use over driving. 3) It allows the housing market to determine parking needs rather than mandates, giving choices to residents who value proximity to transit over parking. Maintaining the exemption will reduce housing prices, boost transit ridership, and give people the freedom to choose housing based on their transportation preferences.

October 13, 2020

Dear Councilmember Robertson,

I hope you are well and finding some upsides to this pandemic. There does not seem
to be a clear end in sight, but I trust you and your family is finding ways to manage
the downsides.

I understand that the Bellevue City Council is considering maintaining its current
relaxed restrictions around parking in Bellevue within a half mile of transit. We are
writing you to urge that the Council maintain this exemption for parking. There are
three key reasons this exemption is important.

First, our growing cities need more housing whatever the results of the Covid-19
epidemic and response may be in the months and years ahead. When new jobs and
prosperity come so will an increase in housing demand. There is a simple fact
about parking spots: they are expensive. A respected study by the Victoria
Transport Policy Institute found that depending on the kind of parking, spots can
cost as much as $300 per month.11 In Seattle, the total up front cost of an average
spot is as much as $20,000.

Who bears these costs? Ultimately the person or family paying rent for
housing. And there is no such thing as “free parking” when it is mandated, “since

1
Transportation Cost and Benefit Analysis II – Parking Costs, Victoria Transport Policy Institute, March 20, 2020, page 12.

most of these costs are ultimately borne by motorists through housing costs.”
Simply put, if you mandate parking you are increasing housing costs today and
going forward.

Second, why spend billions of dollars on transit infrastructure to encourage
less driving, then mandate parking near transit stations? A recent study
published in Land Use Policy titled, “Parking behavior: Bundled parking and travel
behavior in American cities,” found that “Households with bundled parking use
transit less, spend more on gasoline, and—when they do take transit—are more
likely to drive from their homes to the transit stop.”2 A requirement to require
parking undermines the environmental and other benefits of reduced Vehicle Miles
Traveled (VMT).

Finally, and maybe most importantly, people who provide housing and those
that need it should be able to meet in the market place and decide for
themselves whether to buy and sell parking spots. A study of renters considering
microhousing found that 86 percent of them made their decision on price and 62
percent because of proximity to transit. 3

The majority of microhousing units in Seattle had no parking, one of the reasons the
housing type cost less. Housing providers were building for a segment of the market
that considers parking to be of limited value (only 23 percent) and who consider

2 Parking behaviour: Bundled parking and travel behavior in American cities, Michael
Manville and MiriamPinski, Land Use Policy, February 2020, from the Abstract
3 The Macroview on Microunits, The Urban Land Institute, 2014, page 44.

location (including being close to transit) the most important consideration (97
percent).

On October 26th when legislation is considered, the City of Bellevue should
extend the parking exemption around transit. The City’s current policy will
reduce the costs and price of housing, support the massive investment in alternative
transportation to benefit the environment, and, in the end, give people without cars
and who rely on transit the ability to choose to live in Bellevue.

As of today, every government from the federal, to state, and local has one solution
for housing price issues: more money, more money, and even more money. Where
does all this money come from? The taxpayers of Bellevue. You can support lower
priced housing by extending this exemption without spending a cent of their
money.

Extending the policy would demonstrate regional responsibility, foresight, and
leadership. Not renewing the policy is a much bigger step back than just a half-mile.

Sincerely,

Roger Valdez
Director
Seattle For Growth.

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The letter urges the Bellevue City Council to maintain its current relaxed restrictions around parking within a half mile of transit. It provides three key reasons this exemption is important: 1) Mandating parking increases housing costs today and in the future. 2) Requiring parking undermines investments in transit and encourages more driving. 3) People seeking housing and those providing it should be able to decide themselves whether parking is needed or valuable. Maintaining the exemption will reduce housing costs, support transit, and give people options to live car-free near transit.

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🚀 The most anticipated launch in Dubai Maritime City is here! Introducing *Sensia* by Beyond Developments, a masterpiece of luxury, design, and exclusivity. ✨ *Why Sensia?* ✔ Art Deco-inspired architecture with breathtaking sea views 🌊 ✔ 1, 2 & 3-bedroom residences + Signature Duplexes & Penthouses 🏡 ✔ Resort-style amenities 🏖 ✔ 50/50 Payment Plan *Unit Sizes:* 🛏 1 Bedroom: 753 - 872 sqft 🛏🛏 2 Bedrooms: 1,141 - 1,734 sqft 🛏🛏🛏 3 Bedrooms: 2,210 - 2,664 sqft 🌟 Signature Collection: 3,746 - 4,083 sqft 🏠 Penthouse: 9,125 sqft 💰 *Prices:* 🛏 1 Bedroom: AED 2.14 million 🛏🛏 2 Bedrooms: AED 3.47 million 🛏🛏🛏 3 Bedrooms: AED 6.81 million 💳 *Payment Plan:* 🔹 10% on booking 🔹 10% one month after booking 🔹 5% 3rd installment (1 August 2025) 🔹 5% 5th installment (1 June 2026) 🔹 5% 6th installment (1 December 2026) 🔹 5% 7th installment (1 June 2027) 🔹 50% upon project completion (expected Q3 2028) 📅 *Completion Date:* Q3 2028

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2025 - Listing Turkey - March Featured PortfolioListing Turkey

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Welcome to our exclusive March 2025 Featured Portfolio, meticulously curated for discerning real estate investors such as yourself. This document serves as your gateway to unlocking a realm of unparalleled investment potential within the dynamic metropolis of Istanbul. Delve into a carefully curated selection of exceptional properties, each imbued with its distinctive allure and investment promise. This document transcends mere observation; it presents an opportunity for you to become an integral part of Istanbul’s captivating real estate odyssey. Whether your aspirations encompass opulence, historical significance, or strategic acumen, our portfolio caters to the diverse needs of investors. Eager to delve deeper into these coveted properties? Engage with our team of seasoned professionals for personalized guidance and tailored investment strategies. Seize this moment to secure your position within Istanbul’s burgeoning real estate landscape. Kindly contact us today to embark on a collaborative journey that transforms your real estate aspirations into tangible reality. Find the best apartments for sale in Istanbul with Listing Turkey's March 2025 featured portfolio. This comprehensive collection of properties includes everything from luxury apartments in the city center to affordable villas in the suburbs. Whether you're looking for a second home, a buy-to-let investment, or your dream retirement property, you're sure to find something to your liking. Our featured apartments offer a variety of benefits, including: Transparent listings:��We provide all the relevant information about each property, so you can make an informed decision. No commission:��Our services are reimbursed by the developers, so you can save money. Expert advice:��Our team of real estate experts can help you find the perfect property for your needs. Browse our featured apartments today and start your journey to owning a property in Istanbul.

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When you buy luxury apartments in Dubai, you're not just purchasing a home — you're choosing a lifestyle filled with comfort, style, and convenience. From stunning views to world-class amenities and a vibrant social scene, luxury living in Dubai offers everything one could imagine. The city provides a blend of modernity and tradition, making it the perfect place to enjoy relaxation and adventure. Whether for personal enjoyment or investment purposes, Dubai promises an exceptional experience. For More Details Visit Our Website:- https://homestation.ae/Buy-luxury-apartments-in-dubai/

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NLI 2025 - March Istanbul Featured PortfolioListing Turkey

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Welcome to Our Exclusive March 2025 Featured Portfolio Curated exclusively for discerning real estate investors, our March 2025 Featured Portfolio presents an exclusive gateway to unparalleled investment opportunities in the vibrant city of Istanbul. This carefully selected collection of properties showcases the finest options available, each with its unique charm and investment potential. By exploring our portfolio, you gain insights into the future of Istanbul’s real estate market and the opportunity to actively participate in its promising growth. Whether you seek luxury, historical significance, or strategic investment opportunities, our portfolio has something tailored to your preferences and goals. Discover Istanbul’s Prime Properties Our March portfolio presents a diverse range of properties, ensuring options for every taste and investment objective. From luxury apartments in the heart of Istanbul to affordable villas in peaceful suburbs, each listing is meticulously chosen to meet a variety of preferences and objectives. Whether you are seeking a second home, a buy-to-let investment, or the ideal retirement property, our portfolio has options that will captivate your attention. Each listing provides comprehensive and detailed information, enabling you to make informed decisions. Furthermore, with our services reimbursed by developers, you will enjoy a commission-free experience that saves you money.

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Real estate Sector is known for its capacity, capability, role, relevance and importance in playing pivotal role in socio-economic development, of a community, city and state ,by promoting economy, generating employment and promoting industrialization. Sector is known to help in increasing household and government consumption. Real estate sectors remain the most vibrant sector for attracting investment both local and global . It helps in generating large revenue for the state besides making value addition to exports , capital income, and taxes. Real estate sector remains the major propeller of construction sectors , which is known to employ 35 million manpower, besides adding to economy and development. Growth of real estate sector also remains closely linked to economic development and social stability. Real estate is known to help the industrial sector migrate from secondary to tertiary sector , besides leveraging numerous other sectors. Real estate sector is also known to be major determinant of quality of life. Since all human activities are encased within four walls of built environment , accordingly real estate sector holds enormous value for human living, growth and development. Besides numerous positivities , Real estate sector is also known for large number of negativities. Real estate sector is known to be largest consumer of energy, resources and generator of waste and accordingly, has major role and impact on climate change , global warming, rising temperature to make planet earth unsustainable and prone to disasters. Sector is known to have high sensitivity to government and policies and programs. Accordingly, understanding real estate sector’s role in economy, employment, human living and climate change will remain essential for facilitating / effective regulation/promoting economic development and making Real estate sector rational, vibrant and productive for launching India on the path of sustainable leadership.

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BPTP Amstoria Verti-Greens Brochure 9873574004Complete Investment Solutions

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Sensia_DigitalBrochure- beyond maritime city.pdfDxboffplan.com

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Hamad Al Wazzan A Visionary in Real Estate.pdfHamad Al Wazzan

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2025 - Listing Turkey - March Featured PortfolioListing Turkey

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What’s the Lifestyle Like When You Buy Luxury Apartments in Dubai.pptxReal Estate Dubai

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Navraj The Kings Town Heights Sector 37D Dwarka Expressway Call: 9873574004Complete Investment Solutions

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NLI 2025 - March Istanbul Featured PortfolioListing Turkey

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Real Estate in Punjab- 2Issues and OptionsJIT KUMAR GUPTA

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