This event, hosted by Downtown New Jersey, NJTOD.org, and NJ TRANSIT’s Transit Friendly Planning (TFP) Program, will bring together professionals working in the public and private sectors to discuss the intricacies of parking in commercial districts and new residential projects, and the effects of the antiquated parking standards.  

While parking is often a necessary component of development and redevelopment, many New Jersey municipalities defer to the “one-size-fits-all” standards in their own zoning and the State’s Residential Site Improvement Standards (RSIS), which often greatly increases project costs or render them infeasible. Worsening climate and housing crises prompt a need to rethink parking standards. Panelists will discuss current initiatives to update State and local parking standards including: 

• A recently released study from the Rutgers Center for Real Estate that sought to capture data on parking utilization at residential properties in New Jersey 
• Assembly Bill 4984 that aims to reduce parking requirements at residential developments in proximity to public transportation 
• Creative parking strategies that municipalities have utilized to ensure development and redevelopment projects are feasible