Technology Drives Innovation in Parking

Technology Drives Innovation in ParkingPresented by:Amir Sedadi, P.E.VP of Intelligent Transportation Systems with IPS Group, Inc.

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AMIR SEDADI, P.E.More than 24 years experience in transportation, parking management, engineering, and public policyCurrently VP, Intelligent Transportation Systems for IPS Group, Inc.Formerly Assistant & Interim General Manager for City of Los Angeles Department of TransportationParking Director, City of Pasadena

YOUR CITY IS GROWINGFor an increasing number of residents and visitors to shop, dine, visit, work, and playthey first need to park their cars!Smart parking management is the key to generating parking turnover. Many smart cities have made parking a pivotal part of the economic conversation.

Explain role of parkingMany Cities are growing and urbanization is becoming a defining characteristic of the 21st Century. Urban areas are major drivers in our economy. Parking management plays a very important role in this process by providing needed parking turnover to help give more people the chance to shop, dine, visit, work and play.Parking is often the connection between where we are and where we want to go. Every trip begins and ends with a parking experience and that experience can impact our decisions and behaviorParking spaces are some of the most important assets City manage and often there are challenges in managing that asset due to so many competing needs.. Our jobs, our homes, and how we spend our free time are all affected by where we can leave our vehicles when we arrive and at what cost. Knowing that, successful cities and towns are making parking a pivotal part of the economic conversationThere is a tendency in many cities to deal with parking management in a rather reactive way. If a parking problem appears in an area parking management is implemented in that location only to deal with the specific problem. However, if parking is addressed in a more strategic way, then it can be used very effectively as a way to help achieve many environmental, social and economic objectives.One such strategy is the Concept of Smarter Parking for Smarter Cities

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WHAT IS A SMART CITY?A city that does more with less while using data and optimized asset management to drive decisions and achieve results.Increased RevenueHappy CitizensEarth-friendlyPractices//

Technology, economics, and the customer experience converge to create more livable, sustainable cities. International Parking Institute, 2014 In 2007, IPS Group, Inc. invented the smart single-space parking meter, launching a smart parking revolution.

WHAT IS SMART PARKING?

1Parking meters are a thing of the past2Parking rates are so low that no one uses credit cards.3Transportation in the future will eliminate the need for cars and parking spaces.Common Myths About Parking

Technology continues to drive parking

0%10%20%30%40%50%60%Move toward innovative technologies to improve access control and payment automationPrevalence of mobile applicationsCollaboration between parking, transportation, and decision-makersDemand for electronic paymentReal-time communication of pricing and availability to mobile/smartphonesDemand for greater parking revenueDemand for environmentally sustainable solutionsWireless sensing devices for traffic managementNeed to accommodate electric charging stationsNeed for improved customer service53%47%46%44%41%35%27%22%20%20%Top 10 Emerging Trends in ParkingSource: International Parking Institute, 2015

How Can Smart Parking Impact Your City?

70%

7BILLION

88.62.4%

by 2050MILLION

On-street parking = critically valuable real estate

LUCKILY, YOU HOLD THE KEY

PARKING HAS AN IMPACTSmart technology has the power to maximize yourmost important asset and prepare for the future.

Make your assets work for youA stronger, smarter parking system will increase revenue, improve efficiency, and contribute to a more sustainable future.

The bottom line: revenue

20%-30%

What would your City do with 30% more revenue?

Smart policies: inform your decisions

Smart meter data can inform new pricing structures and systems to increase your Citys revenue:Demand-Based PricingAnti-Meter FeedingMeter Re-Set FunctionVariable Rates

$3,000,000 IncreaseSource: LADOTLOS ANGELESPARKING MODERNIZATION

CASE STUDY: Los Angeles Parking Modernization

Initial 10,000 meters from IPS lease-to-own 50% increase in revenue = $3 million annually

IPS meters operating at 99%+ up-timeMeter citations up 15%Contested meter citations down 75%

Currently over 34,000 IPS meters installedSource: LADOT

CASE STUDY: Los Angeles Express Park

Results June 2012 - June 20132.5% increased revenue16% increase in paid occupancy7% increase in paid hours6% reduction in congested blocks

Change in Average RateDecrease 52%No Change 25%Increase 23%Source: LADOT

SANTA MONICA40% IncreaseROI in about 12 monthsSource: City of Santa Monica

Source: City of Santa Monica

CASE STUDY: Santa Monica

Purchased 6,000 meters and sensors from IPS to manage their parking program

Implemented policy changes, including reset function, saw 40% increase in revenue

Increase paid for the entire parking modernization program in about 12 months

SAN FRANCISCO30% Drop In Greenhouse GasesVehicles didnt have to drive as farand for as long to find parkingSource: SFMTA/SFpark

SFpark initiativeCircle less, live moreuse new technologies and policies to improve parking in San Francisco Reducing traffic by helping drivers find parking benefits everyoneMore parking availability makes streets less congested and safer Meters that accept credit and debit cards reduce frustration and parking citations

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CASE STUDY: SFpark & SFMTA

SFpark Results:Meter rates dropped 4%Garage rates dropped 12%Target occupancy met 31% more oftenBlocks were full 16% less oftenAvg. parking search time decreased 43%Meter-related citations decreased 23%Greenhouse gas emissions decreased 30%

SFMTA purchased additional 25,000 IPS metersSource: SFMTA/SFpark

BIG DATA:DO MORE WITH LESSBig Data drives policy decisions.Without it, were just guessing.

IntegrationINTEGRATIONOpen platforms can integrate data into one seamless systemEnforcement and violation dataRevenue statistics and trendsAdjudication reportsParking demand statisticsOccupancy patternsPayment Data

SustainabilitySmart meters support earth-friendly practices.Utilize solar energyIncrease parking turnoverReduce circlingReduce collective carbon footprintIncrease city revenue and help support sustainable practicesA Smart City is a sustainable city.

The Future of parkingAcceleration of Smart Parking solutionsBlurring lines between parking and other transportation systemsFuture proofing the wireless solutionTrue managed enforcementFurther integration of all technologies, meters, sensors, payments, and enforcement

IPS GROUP,LEADING THE CHARGE IN THE SMART CITY REVOLUTION proveninnovativepossibilities//

Stop in to request a FREE parking assessment for your cityVISIT OUR BOOTH323

THANK YOU!

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