The bundling of parking and housing fees has been discussed extensively in the literature.Many arguments have been forwarded against the practice of bundling these fees togetherand efforts have been made to encourage unbundling so that fewer parking spaces are neededfor new buildings. This article explores unbundling from the perspective of parking facility usefor existing parking facilities based on the argument that better utilization of existing facilitiescan be achieved if housing and parking fees are separated and the parking lots become shareduse facilities. Case study research of two existing parking facilities is conducted and theparking facility use is documented. License plate recognition technology is used to collect data.This work shows that exclusive use parking facilities are not used as well or as often as similarshared use facilities and that by unbundling parking and housing fees and making shared useparking facilities, owners can realize significant new revenue. More importantly, byunbundling and converting parking facilities to shared use, new parking structures can bedelayed or deferred entirely leaving land for higher and better use.
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