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Is more parking needed downtown to encourage more development?


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A recent research and forecast report from Colliers International South Carolina determined that added parking options in Columbia would increase economic growth and found that the lack of parking is a deterrent in attracting new office and retail tenants. The report concludes that the 2,039 garage parking spaces in downtown Columbia are not enough to encourage new development, but rents need to be higher to make it feasible to build new office spaces downtown that include parking...

But parking problems also can signify commercial success, because customers are visiting your office, suggested Lee Mashburn, president of Mashburn Construction. Although he said downtown Columbia needs another parking deck, he said people can also “park one street over and walk.”


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It would be good to see where the City finds that they need to add more parking. A study of existing demand, coupled with adjacent developable land, would be informative to see. Funding a parking garage seems like a more realistic approach to realizing development and generating tax revenue versus ideas generated by the Mayor to increase the City's books. 

One of the comments on the article wonders aloud about the impact of increased enrollment at the University. I wouldn't imagine that this has a huge impact, but maybe folks more familiar with student activities can comment on that... 

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