03/11/2024
Did you know almost 8 Eiffel Towers can fit on all the land allocated to parking in the University of Guelph campus?
Out of the total land area of the UofG campus, around 14.4% is dedicated exclusively to parking. This amounts to a land area of 186,776 m² with a comfortable parking capacity of 7,471 cars on campus, and around $747 millions in land value currently given over to the storage of vehicles.
Do you think this is a wise use of land within the context of constrained finances (both at the city and university level), as well as within the context of a severe housing crisis and strong need for better environmental stewardship?
If half the land area used for parking was instead developed into student residences with a similar style and density of the Solstice 1 building on Gordon Street (6 storeys), housing could be provided for an additional 9,340 students within campus alleviating the housing crisis and reducing the need for car ownership and vehicle trips among students thus leading to a reduction in the environmental burden.
The benefits don't stop there as an 8% net return on land value as a result of turning some parking lots into student residences could provide the university with an extra $29 million in revenue, which had this been done in the past this could've single-handedly covered the projected deficit of $22.1 million for 2024/25.
How could this be a reality? Two crucial steps would be a change in the zoning bylaw to permit greater densities in and around campus, and a repeal of the current city parking mandates that stifle development by requiring arbitrary amounts of parking to be built even if the demand for parking isn't there and the built environment facilitates other modes of transportation.
What do you think? Should we continue devoting valuable land to parking or should we build housing and mixed use spaces in those places where people want to live and work the most? Leave your thoughts below!