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What makes you think it would be just one apartment building instead of filling the island with apartment buildings?
No no, one apartment building and the rest of the island is a surface level parking lot because an underground lot was too expensive.
This is a consequence of the inane policy of mandatory parking minimum requirements in local zoning codes. Remove them and this problem goes away.
For the same amount of people, you wouldn't need to.
Who says only X amount of people will move to the island? The island will always fill up over time, at least with suburbs, there will be some green left
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