We have said that (absent an expansion of garage capacity) a shareholder signing up for the garage waiting list today for the first time can expect to wait something like 25 years to get a parking spot.

That figure is based on comparing the 9/6/11 waiting list (which we have a copy of) with the latest 1/6/16 list.

#1 as of 1/6/16 was #68 as of 9/6/11.
#68 now was #142 then.
#142 now was #239 then.
#239 now was #352 then.
#352 now was #519 then.
#519 now didn’t sign up for the list until almost two years after 9/6/11.

1,583 days elapsed between the two lists.

If you assume the same rate of turnover between each of these points on the list holds true, the current #519 (who had already waited 2.5 years as of 1/6/16) will have to wait 5x 1583 days (or almost 22 more years) to reach #1, at which point that shareholder will have waited over  25 years.

The last shareholder on the 1/6/16 list was #661, and that shareholder can probably expect another 4-5 years beyond #519’s expected wait, for a total of well over 25 years.