Core Insights - The newly constructed multi-story parking garage in Nanjing's Qinhuai District significantly alleviates parking pressure for two residential communities, allowing for the accommodation of 100 vehicles [1][2] - The investment in this project is not highly profitable for the investor, Nanjing Chengjian Group's subsidiary, due to low fees and a challenging location, but it is supplemented by more profitable flat parking lots [1][3] - The Qinhuai District has adopted a public-private partnership model to develop parking facilities, ensuring a balanced approach to investment returns and community needs [4][6] Investment and Development Strategy - The parking project utilizes underused land to create 100 parking spaces, with a monthly fee of 300 yuan per vehicle, offering an 80% discount for local residents [2][3] - The district has successfully implemented seven similar parking projects, transforming neglected areas into functional parking spaces, which also generate revenue for the community [2][4] - The construction costs for different types of parking facilities vary significantly, with surface lots costing around 5,000 yuan per space, while multi-story mechanical parking can reach up to 350,000 yuan per space [3][5] Government Policy and Regulation - The government has introduced a "fat and thin" project development model, combining high-return surface parking with lower-return multi-story projects to ensure sustainable investment [4][6] - New regulations require that public parking projects achieve a total profit margin of 5%-6%, with strict oversight to ensure timely project completion [5][6] - The government aims to balance profit motives with community benefits, extending project terms and allowing for the integration of commercial facilities to enhance revenue [7]