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Cambridge Master Plan Worries; Parking Costs and Your Rent

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CAMBRIDGE—Marc Levy is having none of it: "The more people talked about "love" last week in an early report on a citywide development plan, the more it seemed like the whole process has gone immediately off the rails. While it's too early to panic, there are reasons to worry." [Day]
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BEYOND THE HUB—The cost of providing parking may be holding the Boston area back from more affordable apartments: "Below-grade parking costs up to $35,000 per stall, while in many places wood-framed apartments cost about $100,000 to $120,000 to build (excluding the price of land). That means that for every parking stall we don't require developers to build, we can save 25 to 35 percent of the cost of rent, right off the top." [City Lab]