Empirical source that the poorest NJCU students disproportionately own cars? I will literally bet my life savings that it is the other way around. Parking lots disproportionately benefit wealthier students.

Not building new apartments = raising the price of existing apartments. Again, we don't need to be playing guessing games with this. Look at San Francisco rents in non-dense areas and see for yourself. Ancient houses selling for millions because the rich care about location, not how new it is, and will always outbid you if there aren't enough yuppie fishtanks catching them. If the rich wanted "new luxury" apartments there's plenty of them sitting empty in North Dakota. They want location and they will outbid you for your apartment if nothing else is available. This city can't be allowed to turn into outer San Francisco with zero new development and multi million dollar ancient homes.