Parking in Waterloo Region

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For a parking garage to be viable, you need some combination of sufficient demand, and fewer alternative options. Waterloo has been very hard pressed to make it less appealing to drive, or harder to find free parking in UpTown, meaning there are still plenty of alternative options. They have yet been unable to draw any significant office employment to UpTown, because that would require height of buildings in the no-more-than-3-4-floors zone, and unlike residential, an office won't be satisfied building south of Allen or North of Central. So it's no surprise that there's not been movement, especially from a developer, to get in on this guaranteed-to-fail development.