Henry Grabar

And I think most people, they don't like paying for parking. But when push comes to shove, they prefer paying for parking to looking for a space for 20 minutes and then giving up and driving away.

And I think most people, they don't like paying for parking. But when push comes to shove, they prefer paying for parking to looking for a space for 20 minutes and then giving up and driving away.

Is parking a good business to be in?

Is parking a good business to be in?

Is parking a good business to be in?

I would say it's a simple business to be in. I mean, for decades, parking was the largest all-cash business in the United States. What? Yeah, yeah, because everybody – the whole parking industry was just collecting cash in boxes nationwide at sports stadiums, downtowns, airports, everywhere. And this created obviously – this made it a very lucrative business to be in, especially –

I would say it's a simple business to be in. I mean, for decades, parking was the largest all-cash business in the United States. What? Yeah, yeah, because everybody – the whole parking industry was just collecting cash in boxes nationwide at sports stadiums, downtowns, airports, everywhere. And this created obviously – this made it a very lucrative business to be in, especially –

I would say it's a simple business to be in. I mean, for decades, parking was the largest all-cash business in the United States. What? Yeah, yeah, because everybody – the whole parking industry was just collecting cash in boxes nationwide at sports stadiums, downtowns, airports, everywhere. And this created obviously – this made it a very lucrative business to be in, especially –

if you weren't properly reporting your income to the IRS.

if you weren't properly reporting your income to the IRS.

if you weren't properly reporting your income to the IRS.

So you said that if we build more parking, then more cars show up to take it. And so that doesn't work. And then if you charge a lot for parking, people really hate that. So what's the solution where everybody's happy?

So you said that if we build more parking, then more cars show up to take it. And so that doesn't work. And then if you charge a lot for parking, people really hate that. So what's the solution where everybody's happy?

So you said that if we build more parking, then more cars show up to take it. And so that doesn't work. And then if you charge a lot for parking, people really hate that. So what's the solution where everybody's happy?

Well, I think one solution is the one that we did in the United States, which is you build so much parking that there's not really anything left to drive to. And that's kind of what happened in a lot of American downtowns. They were obsessed with this idea that to compete with the suburbs, they needed to provide as much free and ample parking as possible.

Well, I think one solution is the one that we did in the United States, which is you build so much parking that there's not really anything left to drive to. And that's kind of what happened in a lot of American downtowns. They were obsessed with this idea that to compete with the suburbs, they needed to provide as much free and ample parking as possible.

Well, I think one solution is the one that we did in the United States, which is you build so much parking that there's not really anything left to drive to. And that's kind of what happened in a lot of American downtowns. They were obsessed with this idea that to compete with the suburbs, they needed to provide as much free and ample parking as possible.

And it turns out that if your number one priority is free parking, downtown is never going to beat a mall in the suburbs. It's just never going to compete. And so one solution we ended up with is – you build so much parking that it's not hard to find a spot, but also there's not much, there's not that much to do because, because your town is mostly parking.

And it turns out that if your number one priority is free parking, downtown is never going to beat a mall in the suburbs. It's just never going to compete. And so one solution we ended up with is – you build so much parking that it's not hard to find a spot, but also there's not much, there's not that much to do because, because your town is mostly parking.

And it turns out that if your number one priority is free parking, downtown is never going to beat a mall in the suburbs. It's just never going to compete. And so one solution we ended up with is – you build so much parking that it's not hard to find a spot, but also there's not much, there's not that much to do because, because your town is mostly parking.