Michael Keith Manville

It shifts the cost of parking from drivers to building developers, which means it hides the cost in construction and in rent.

Michael Manville at UCLA put it better than I can.

He said parking requirements attack the nature of the city itself by subordinating density to the needs of the car.

And then the line that matters, parking minimums take the cost of that space, a cost that should be borne by drivers, and push it on to developers, hiding it in the cost of building.