About a year ago, St. Pete City Council approved a package of Land Development Regulation (LDR) changes in an effort to help reduce the cost of building housing in the city. The package of code changes was just one prong in a multifaceted approach to help address housing affordability in the Sunshine City.

One of the approved code changes was the removal of mandatory parking minimums for residential units under 750 square feet in downtown St. Pete. Mandatory parking minimums are development regulations which require a certain number of vehicular parking spaces per residential unit.

There’s a growing body of evidence that mandatory parking minimums come at an immense cost to the cities that implement them.

A 2015 study even estimated that the cost of a single parking space in a structured garage increases residential rent by $225 per month.