The problem is that people don't want to live in high densities,
especially when there are planner-induced parking shortages. A
state regulation requires Portland to reduce its parking by 10
percent, so new developments are often built with limited parking.
Since developers won't build what they can't sell, planners have
to subsidize them to get them to build high-density developments.
This development next to a light-rail station in Beaverton
received $10 million in subsidies, yet went broke before it was
finished. Since it was to have limited parking, it is doubtful
that it could have made any money even with the subsidies.
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