Multi-Story parking facility in Jerusalem

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I cant understand why there is not a huge multi-story parking facility in central Jerusalem. There is a huge shortage of parking. Some hotels do not even offer a parking facility. The parking lot must be huge - thousands of spaces (think of Monti Casino's parking). The facility must have a station for the new monorail, so buy parking there you have access to the entire city.

Parkings are easy business models, not much in the way of maintenance, few employees, and generates passive income.

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