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Downtown Columbus Will Buy Bus Rides For 43,000 Workers

Property owners in the Ohio capital's core are rethinking the relationship between cars and jobs.
relates to Downtown Columbus Will Buy Bus Rides For 43,000 Workers
Lucy Nicholson/Reuters

Despite a surge of redevelopment in downtown Columbus, office rents are tumbling and vacancy rates are on the up. The problem, business leaders say: Lack of parking.

A structured parking space in the Ohio capital’s space-crunched core runs nearly $25,000 a year, which typically isn’t covered by revenues. So developers feel hamstrung from building new garages, and the city is wary of subsidizing them; building to meet parking demand, after all, is an exercise in futility. Meanwhile, employers fear they’re losing ground to suburban competitors.