Land Use & Property Rights
What’s happening? Parking garages and lots have been used for restaurant and entertainment spaces during the pandemic. Now there is a potential to use pods, inexpensive living units that plug into parking structures as an effective way of dealing with housing shortages.
Why is this important? Building affordable housing is expensive. The City of Los Angles determined that it was more cost effective to use eminent domain to acquire an entire apartment complex rather than build new affordable housing.
How will this be important? The new economy will see a lot of urban property be underutilized whether it is office space or parking garages.
Route Fifty | Retrofitting Parking Garages Could Help With Affordable Housing Shortage
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