Chicago Parking Meter Lease Slow-Motion Train Wreck Only Has 65 More Years to Go
Chicago’s parking meter system raked in $134.2 million last year, putting private investors on pace to recoup their entire $1.16 billion investment by 2021 with 62 years to go in the lease, the latest annual audit shows. Chicago has converted what used to be $23.8 million in annual revenues for the city and turned it into a $21.7 million expense.
China's top national economic planner has issued guidelines specifying that land around high speed rail stations earmarked for development should not on average exceed 50 hectares, although for a small number of stations, that figure goes to up to 100 ha. The NDRC said that new high-speed railway lines should not lead to the partitioning of cities; stations should be located within, or as near as possible to, central urban areas for convenience of passengers; and buildings should not be ostentatious, grandiose projects. Unfortunately, the horse has bolted and these guidelines probably should have been provided a decade ago.
Electric Buses Are Hurting the Oil Industry
China had about 99 percent of the 385,000 electric buses on the roads worldwide in 2017, accounting for 17 percent of the country’s entire fleet. Every five weeks, Chinese cities add 9,500 of the zero-emissions transporters—the equivalent of London’s entire working fleet, according Bloomberg New Energy Finance. For every 1,000 battery-powered buses on the road, about 500 barrels a day of diesel fuel will be displaced from the market.
The Real Reason Your Local Mall is Failing
"And we should also recognize where our wealth really comes from. It comes from our downtown and our core neighborhoods (those within walking distance of the downtown). It certainly doesn't come from people driving through those places. It doesn't come from people commuting in. It doesn't come from tourists or developers or the potential of land development out on the edge."
Strong Towns, 2018.04.23
THE DISGRACEFUL DOCKLESS DRAMA: WHAT DOCKLESS BIKES/SCOOTERS ARE EXPOSING
"For the first time, scooters and bikes, the absolute rockstars of urban mobility, have started coming close to enjoying a similar user experience as cars: the convenient user experience of go anywhere, park anywhere.
If cities allow and mandate that we be able to park cars everywhere, why shouldn’t bikes have the same convenience? Especially considering they require 10 times less space than cars and offer enormous efficiency, environmental, cost, and health benefits."
Have A Go, 2018.04.18