Fascinating take on the advantages of reducing parking spaces

Stand aside Freakonomics, here is a very real, very current, very practical application of economics, incentives and game theory to a universal city development problem. Provide fewer parking spaces to help manage the car and parking problem in congested downtown areas.

Bit by bit, for the past 40 years, the city of Copenhagen has done something revolutionary: The Danish capital has reduced its parking supply. Cutting the total number of parking spaces by a small percentage each year stands in stark contrast to the more common pattern of cities adding more and more parking to accommodate private cars.

It’s a longish article, but definitely worth reading. Hat-tip to Samora Adams of @CapeChat fame for the link.