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America has too much parking, just not in the cities that need it

It always seems that parking is easy to find when you don't need it, and it turns out that there might be a reason for that. New studies conducted by the University of Connecticut have found that the US might actually have too many spaces, especially in cities where they are needed least.

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New York City Parking Space On Sale For $1 Million

Experts debate: Opulent or ostentatious?

The most expensive parking space in New York City history is now for sale. The $1 million price tag for the 23-foot-by-12-foot slab of space on East 11th Street has already provoked a wave of reactions from experts.

Greening up parking lots means pricing them better, turning them into actual parks

Your car is not doing any environmental damage when it's parked, is it? Maybe not directly, but the simple act of parking plays an important role in enabling people to drive more without really considering the consequences or alternatives and, more importantly, creates a lot of emissions while people look for a parking spot. Two related stories on this issue crossed our virtual desk today, one that rethinks how parking should opera

Bostonian ponies up record $300,000 for parking space. Average area price? $134k

In some cities, people don't want to pony up loose change for a meter-fed parking spot. In Boston, an abundance of available spaces would be like a dream come true, as evidenced by the exorbitant prices being paid on a regular basis in some areas. For example, The Boston Globe reports that a spot at 48 Commonwealth in the Back Bay district has just gone for a record $300,000 after residents in the area engaged in a bidding war for it. The couple that sold the space is also trying to sel

$150,000 parking space for sale in Britain

We can all stop complaining about our mortgage payments, because at least they're paying for a roof and somewhere to plug in the TiVo. This parking space in Knightsbridge, U.K. only offers its owners a "very hard layer to park your car" for £80,000 or over $147,000 US. We hear Seinfeld and Leno have already put in bids.