Market SignalsFamine mentality
1989
Can we raise your parking prices?
Can we better manage parking?
Can we better manage parking?
Build our way out of it?
Surface: +/- $10,000 or $50/ month
Garage:+/- $20,000 or $100/ month
Underground:+/- $40,000 or $200/ month
Assumptions4% interest rate30 years
Pricing Alternatives
Time limits?
Permits?
Ticketing?
Parking in Davis Square
Parking Studies
Time-limits/ ticketing
Pricing and technology
Framing Parking Management…
Lowest possible price!
To maintain a few available spaces
1. Managing Parking is about demand
Not revenue!
OPEN DATA
We decide where to spend the money
2. Parking can pay for what the community wants!
Parking Benefit Districts
Tangible community improvements
Community control of revenues
Parking Benefit Districts
San Diego
Austin
Houston
Washington DC
Ventura, CA
Redwood City, CA
Nashua, NH
We decide where to spend the money
Meter Revenues &MGL Chapter 40 Section 22A
necessary expenses related to parking meters…&
“…regulation of parking and other traffic activities…”
street cleaningsnow removal
We decide where to spend the money
2012 Revision
MGL Chapter 40 Section 22CPurchase or lease of additional parking lotsCommuter shuttles or commuter shuttle servicesTransit station accessibility improvements or traffic controls
Common Practice-> General FundCities and Towns spend far more in aggregate than they take in
We decide where to spend the money
RealityNo case-law to date in MassachusettsBarrier is politicalCommunity Support?
We decide where to spend the money
A Model: Nashua, NHParking Revenues General FundIf GT $728,000 in meter revenue…Decided upon by the Downtown Improvement Committee.
2012: $140,000
2013: $120,000
Nashua
A great community based plan!
City resourcesCommunity Development Block GrantsBIDParking Benefit DistrictTax Increment Financing
How to pay for it?
Year 1: $140,000 -- > Meter Technology
Year 2: $120,000 -- > TBA (lighting, marketing & branding, festivals)
Bigger pictureZoning & Economic Development
Affordable housing
Congestion & Sustainable Transportation
Public space
Equity
Neighborhood Imagination Fund
•Community based•Design competition•Spent in the community•Celebrated!
Somerville Resident Permit Parking
Currently issues about 50,000 permits $2.50 month!
Cambridge Resident Permit Parking
Currently issues about 38,000 permits for $2.08/ month!
Boston Resident Permit Parking
Currently issues about 350,000 permits for free!
Mark [email protected]