Why we shouldn't apply "value capture" to parking reform

There’s a debate happening right now over whether to apply “value capture” to a statewide parking reform bill — California State Assemblymember Laura Friedman’s AB 1401. As someone who supports value capture in the context of upzoning, and advocates strongly for it in my book, The Affordable City, I wanted to weigh in. I believe it’s important to explain why parking reform is fundamentally different from other housing reforms, why it’s not amenable to value capture policies, and why I oppose value capture in this context.

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