This little-known rule shapes parking in America. Cities are reversing it | CNN Business

America is jammed with parking spots. Approximately 2 billion parking spots cover the country, enough to pave over the entire state of Connecticut. From baseball stadiums in Los Angeles to malls in Atlanta, parking lots are bigger than the buildings they surround. Cities have built so much parking through a policy few people know: minimum parking requirements.

“Planners were responding to what people wanted without thinking there would be terrible effects in the long run,” he said. The requirements were often arbitrary and puzzling, said Tony Jordan, the co-founder of Parking Reform Network. A few examples Jordan has found: Tiny Woodbury, Georgia, population 905, has dozens of specific parking mandates, including for separate regulations for heliports and helistops.

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More cash, fewer bonds: How corporate America can prepare for a US default | CNN BusinessThe White House and congressional Republicans have yet to reach a debt ceiling deal, and a US default looms. Business owners, and the rest of the country, are in wait-and-see mode, bracing for possible recession and job losses should a default happen.
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