Friday, April 20, 2012

SFPark gets some love

Friday, April 20, 2012

This Editorial voices strong support for SFPark's performance pricing project. It is from San Francisco's Examiner newspaper.

Some excerpts:

This demand-based pricing appears to be working. For instance, the agency recently announced that the average price at city-owned parking garages has dropped 95 cents since the SFpark rate changes began. For example, drivers can currently park all day at the Marina parking garage on Lombard Street for $2 an hour or less, according to the transit agency. The hourly rate for other city-owned garages is higher, but this is a pricing model that makes sense — charging more for things that are in demand, and less for those that are not.  ... 

Parking meters also have been adjusted under SFpark. High-demand meters can cost drivers up to $4.75 an hour under the current pricing structure. But drivers willing to park a little farther from the hustle and bustle can pay as little as 25 cents per hour. Before, motorists who parked in spaces on the fringes of commercial districts still had to pay the same rate as those who parked in the middle of the action. Now, such drivers receive a discounted rate. 

...  If the anti-car rhetoric were true, the agency would have hiked all of its parking meter rates to nearly $5 an hour and charged sky-high rates for all of its parking garages. But the agency has begun wisely managing its parking spaces to fill the available spots.  {Read more at the San Francisco Examiner}

Does that sound like something your city could embrace?

I have previously explained the basic idea of performance pricing.  You can also learn more by reading all the Reinventing Parking posts with the tag 'performance pricing'.
Share
EMAIL

1 comments :

  1. Residents across San Francisco are saying that the SFpark Pilot is an EPIC FAILURE, run by a $20M grant from the Federal Government, it has no oversight, and has done little outreach to find out what businesses and residents need for parking in their community.

    http://sfpark.info/the_project

    ReplyDelete