Growing Investment in Parking Lots

The growing demand for parking has led to the emergence of dozens of new parking lots in San Jose over the last 3 years, with 296 patents having been processed in 2011 alone.

Monday, April 23, 2012

Yendry Rivera, of San Jose City's Mayor's Office, said that in 2009 the county processed 278 patents for parking lots, in 2010 the figure rose to 285, and last year to 296, reported

Daniel Monge, in charge of finance at the Costa Rican Association of Parking and Related Issues- which brings together about 183 owners, argued that the proliferation of parking is due to a greater demand from visitors to the center of the capital and surrounding areas.

A good example is the new parking facilities at the Hospital Clinica Biblica. The center is building a huge parking building with capacity to 650 cars in the initial stage, and even a helipad that will simultaneously serve three helicopters, said Bernal Aragon, director of the medical center. The work will cost $15 million, and will be financed by the Banco de Costa Rica. Its opening is scheduled for July.

More on this topic

Panama and the Parking Controversy

November 2015

Pending the Supreme Court´s decision on the law on free parking, the private sector is asking for changes to regulations in order to increase parking spaces depending on the type of construction.

It is still not known whether the law authorizing the free use of parking lots in shopping centers will be declared unconstitutional, but the business sector is seizing the moment to insist on the need to amend the legislation to change parking types and requirements in buildings, depending on the type of property in question.

Construction of Parking Lots Underway

October 2013

Construction is to start of the 1,100 underground parking spaces granted in concession and from which 10% of the income will go to the municipality of Panama City. reports: "The contracts were awarded using the turnkey model to Antonella de La Valle, representative of the company Estacionamientos Unidos S.A and Ivan Bernal of the company Plaza Parking SA".

Tender for Regulated Parking Being Prepared

July 2012

The Honduran city of San Pedro Sula will put out to tender in a month and a half, a regulated vehicle parking system.

According to José Antonio Pineda, executive secretary of the Commission for the Promotion of Public-Private Partnerships, the bidding rules are in advanced stages and they now only need an economic study.

Parking Lots: Rising Business in Panama

November 2009

The real estate industry left unused lots in Panama City, and they are becoming a solution for the rising demand for parking space.

Half a million vehicles transit Panama's capital, and the need for parking space has boosted an industry that is still pretty much informal. The phenomena intensifies in the normally congested areas of Bella Vista and the banking quarter.

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