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Axios Re:Cap

The Future of Parking Garages

Axios Re:Cap

Axios

Daily News, News

4.5705 Ratings

🗓️ 30 October 2019

⏱️ 10 minutes

🧾️ Download transcript

Summary

Parking garages aren’t just low-tech eyesores in American cities — they might even be urban America’s greatest real estate development opportunity. Dan chats with Axios Cities editor Kim Hart. Plus: why college athletes are about to get paid and the state of Halloween candy sales.

Transcript

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0:00.0

Welcome to Axis ProRata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics.

0:13.3

Brought to you by America's beverage companies.

0:15.8

I'm Danper Mac on today's show, why college athletes are about to get paid in the state of Halloween candy

0:22.3

sales. But first, the future of parking garages. Okay, yeah, look, I know parking garages

0:28.3

sound like one of the most boring lowest tech things left in American cities, giant hunks

0:33.5

of concrete that maybe just maybe have a self-serve credit card reader for tickets,

0:38.2

and if you're really lucky, a coat of fresh paint.

0:41.3

But they also might be urban America's greatest real estate redevelopment opportunity,

0:46.2

namely because in an autonomous driving future, they might not be needed anymore.

0:50.6

Seriously, imagine a city in which suburbanites are no longer driving in for work or play.

0:55.9

Instead, they're coming there via a network of self-driving cars that circle around and circle

1:00.3

around until they need to charge and then maybe do that in a less dense part of town or even

1:05.4

back out in the suburbs. In that case, most of today's parking garages, some of which take up

1:10.4

entire city blocks, become

1:12.1

obsolete and can be turned into everything from offices to condos to cloud kitchens to parks,

1:17.6

or maybe even knocked down to make room for such things.

1:20.5

The bottom line here is that the blandest piece of America's urban architecture is poised

1:25.4

to become much, much more interesting.

1:28.1

In 15 seconds, we'll go deeper with Axio City's editor Kim Hart.

1:31.5

But first, this.

1:32.5

ProRata is presented by America's beverage companies.

1:35.8

Our plastic bottles are 100% recyclable, including the caps.

...

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