The People Over Parking Act of 2023 would allow property owners to decide how many parking spaces to include in new or substantially renovated residential and commercial buildings located within half a mile of good public transit options. The bill applies to properties that are near transit stations, bus stops with frequent service, or ferry terminals, and preempts any state or local laws that require a minimum number of parking spaces in these areas. This legislation would affect developers, property owners, and municipalities in urban and transit-rich areas across the country. The bill does not include specific funding or implementation timelines. The intent is to reduce parking requirements in areas where residents and workers have access to public transportation, potentially lowering development costs and encouraging transit use.
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