Brand Spur Issue 4 - 4th Edition | Page 86

Car p a r k ing crisis and o p p o r t u n i t y  Car parking crisis looms as business owners scramble for parking space  Prominent in the commercial areas- Victoria Island, Ikoyi, Lagos Island  Many buildings have badly thought out and poorly managed parking arrangements  Multi-level car park becomes a thriving business opportunity  The business is highly lucrative especially at this time of recession  The opportunity eases traffic congestion Average cost of a 300 car multi-level car park- N2 billion Ikoyi club Mega plaza