basics: the math of park-and-ride
In the Los Angeles Times, Laura J. Nelson worries about inadequate free Park-and-Ride on the Los Angeles rapid transit network. As usual, the headline is far more misleading than the article: “Lack of parking drives many away from mass transit”
This is a good time for a post about the basic math of Park-and-Ride.
- Really great transit generates high land value around stations.
- Free parking presumes low land value around stations.