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San Francisco Rolls Out Supply-and-Demand Pricing for Parking Meters
August 6, 2010
By Andrew Price
Read More: http://www.good.is/post/san-francisco-rolls-out-supply-and-demand-pricing-for-parking-meters/
SFpark Program: http://sfpark.org/
The endless search for a parking spot in the city may be a thing of the past—in San Francisco, at least. After years of preparation, the city is now rolling out SFpark, a high-tech new system that will set the price of parking spots according to supply and demand.
- To reduce congestion, San Francisco is aiming to have one spot open at all times on every block. Here's how the plan works: A network of wireless sensors let the city keep track of which parking spots are empty. If a particular block never has available spots, the city raises the meter rates until it does. In places where parking is plentiful, rates fall. As an added bonus, this information-age system lets residents check the rates and availability of parking online before deciding to drive.
- The system is expected to increase revenue from parking meters, but decrease revenue from traffic tickets. How this will balance out for the city budget is unclear. Also unclear: Just how high the prices will go. Will there be $10 per hour parking?
[video=vimeo;13867453]http://vimeo.com/13867453[/video]
August 6, 2010
By Andrew Price
Read More: http://www.good.is/post/san-francisco-rolls-out-supply-and-demand-pricing-for-parking-meters/
SFpark Program: http://sfpark.org/
The endless search for a parking spot in the city may be a thing of the past—in San Francisco, at least. After years of preparation, the city is now rolling out SFpark, a high-tech new system that will set the price of parking spots according to supply and demand.
- To reduce congestion, San Francisco is aiming to have one spot open at all times on every block. Here's how the plan works: A network of wireless sensors let the city keep track of which parking spots are empty. If a particular block never has available spots, the city raises the meter rates until it does. In places where parking is plentiful, rates fall. As an added bonus, this information-age system lets residents check the rates and availability of parking online before deciding to drive.
- The system is expected to increase revenue from parking meters, but decrease revenue from traffic tickets. How this will balance out for the city budget is unclear. Also unclear: Just how high the prices will go. Will there be $10 per hour parking?
[video=vimeo;13867453]http://vimeo.com/13867453[/video]
