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Parking Space In Victoria Case Study

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In Victoria, there are nearly 2,000 on-street parking spaces located in downtown (City of Victoria, n.a.). The prices of parking in downtown varies, with the determining factors are: the time of day, the area of the parking space/lot and how long does the driver park. According to a study by Todd Littman from Victoria Transport Policy Institute, the prices of the parking spaces seem reasonable compared to other cities and municipalities in British Columbia (figure 1). Pricewise, Victoria does not have issues; however, the supply of parking space in victoria is a concern. The problem cannot and should not be solved with building more parking spaces because they cost approximately $15,000 to $50,000 depending on the type of parking facility built

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