In the video, a merchant wished for cheaper parking. Don’t merchants, of all people, understand the supply/demand/price curve? Does she think lowering parking prices will result in more empty spaces?! If anything, we need more expensive parking, in order to ensure that some spaces will always be available.
Ian, could you elaborate?, not sure I understand your comment. You mean if parking prices are raised too high, then few would come, and many spaces would then be available? Well, yes, of course. The price should be set on the proper place on the supply/demand curve, and should even change dynamically. It can be too low, and it can be too high. Just right is where the resource is mostly used, but a few spaces per block are available.
I liked his idea of making all on-street parking paying, be it a small amount in far-off places. Apart from the evident huge impact cars have on our environment and that our city is subsidizing it, I like the idea that the resulting money would go on off-setting or reducing the impact of motorized transport in our city.
One of the Laurier Street merchants quoted in the story said her customers used to come all the way from Boucherville. Is it really a sustainable business model to rely on a base of customers that live 20km away, rather than those that live 2km (or 200m) away? It’s not as if people on the Plateau are short on cash. If your neighbours aren’t interested in your shop, maybe it’s time to move to a different neighbourhood.
If your store carried a very specific category of goods, you could have customers from all over. But in general, if you had a storefront on Laurier, you should get customers from Outremont and the wealthier segments of the Plateau and Mile End, none of whom should have to drive unless disabled.
A lot of the negative comments from merchants seem to come from the retail sector. I think their clients are just choosing to buy online… We all know the retail sector is struggling. The article mentions the ceramic cafe as doing pretty well. I think it’s pretty telling that these are the more successful businesses, the ones less affected by the online craze. Even restaurants are probably seeing less business because they are being cut into by the meal boxes.
Chris 12:47 on 2019-05-19 Permalink
In the video, a merchant wished for cheaper parking. Don’t merchants, of all people, understand the supply/demand/price curve? Does she think lowering parking prices will result in more empty spaces?! If anything, we need more expensive parking, in order to ensure that some spaces will always be available.
Ian 15:39 on 2019-05-19 Permalink
…only because nobody will want to park there, defeating the whole point of making parking available to customers…
Chris 17:02 on 2019-05-19 Permalink
Ian, could you elaborate?, not sure I understand your comment. You mean if parking prices are raised too high, then few would come, and many spaces would then be available? Well, yes, of course. The price should be set on the proper place on the supply/demand curve, and should even change dynamically. It can be too low, and it can be too high. Just right is where the resource is mostly used, but a few spaces per block are available.
Alex L 17:39 on 2019-05-19 Permalink
I liked his idea of making all on-street parking paying, be it a small amount in far-off places. Apart from the evident huge impact cars have on our environment and that our city is subsidizing it, I like the idea that the resulting money would go on off-setting or reducing the impact of motorized transport in our city.
DeWolf 21:07 on 2019-05-19 Permalink
One of the Laurier Street merchants quoted in the story said her customers used to come all the way from Boucherville. Is it really a sustainable business model to rely on a base of customers that live 20km away, rather than those that live 2km (or 200m) away? It’s not as if people on the Plateau are short on cash. If your neighbours aren’t interested in your shop, maybe it’s time to move to a different neighbourhood.
Kate 08:11 on 2019-05-20 Permalink
If your store carried a very specific category of goods, you could have customers from all over. But in general, if you had a storefront on Laurier, you should get customers from Outremont and the wealthier segments of the Plateau and Mile End, none of whom should have to drive unless disabled.
Jonathan 08:40 on 2019-05-20 Permalink
A lot of the negative comments from merchants seem to come from the retail sector. I think their clients are just choosing to buy online… We all know the retail sector is struggling. The article mentions the ceramic cafe as doing pretty well. I think it’s pretty telling that these are the more successful businesses, the ones less affected by the online craze. Even restaurants are probably seeing less business because they are being cut into by the meal boxes.