alt Hacker NewsCambridge MA was rezoned in the mid-20th century to suburban standards, in a city where land in a mid-range neighborhood now costs $350-$400 per square foot. Besides putting in floor area ratio requirements that required most of the existing housing to be grandfathered, they added a requirement of one parking spot per unit.
If it's a traditional 1-car driveway that's about $70K worth of land, although in the end it's zero-sum because it takes away an on-street spot. Parking garages for larger developments probably cost as much or more per parking space - they use less land, but they're expensive to build.
It's insane, and they're trying to fix it, and approving special permits left and right to omit the spots.
So basically they basically took everyone's property rights for 50yr and now then give them back at the government's pleasure.
Now, I know nobody not rich enough to play the game owns land in Cambridge, but even the something tells me the guy who had a Trump 2024 sign on his garage, the guy who owns a business that's at odds with the city, something tells me their permits require the most $1-10k engineering expenses, lawyers fees, etc, etc, to get approved.