Transportation and Infrastructure | New Jersey Future Redevelopment Forum

Less Parking, Better Management

The Ferren Parking Deck in New Brunswick during its recent demolition. Photo courtesy of Jim Zullo, Timothy Haahs & Associates.

If you were planning to build a parking structure, would you invest in a 30-year bond to finance it?

That’s the question Bob Goldsmith, partner and co-chairman of redevelopment and land use for Greenbaum, Rowe, Smith & Davis LLP, posed at the beginning of the Redevelopment Forum session entitled “The Future of Parking, Today.” The session explored whether the decades-long, ever-expanding demand for parking that has influenced the form of urban areas throughout the country will decline as market forces shift and alternative transportation options proliferate.