A Meter So Expensive, It Creates Parking Spots (Michael Cooper and Jo Craven McGinty, New York Times, Mar. 15, 2012)
San Francisco is a leader among cities which want to reduce the number of drivers circling the block for an open space and adding to the traffic congestion found in many downtown areas. It is doing this by adjusting the rates charged by parking meters up or down (by 25-50 cents/hr) every 2 months based on actual usage of each space in order to meet an optimum usage and revenue target. Higher rates, now capped at $6/hr are being slowly phased in. The benefits are several: reduced congestion, less pollution and more revenue to improve transit and last, but not least, anyone looking for a open parking space will find one.
To see Key Quotes and Links to key reports about this post, click HERE
Filed under: PRICING, Urban Traffic | Tagged: parking, pricing, roads, traffic |
Leave a Reply