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Sounds About Right: San Francisco spending $25M to determine how much parking should cost

July 29, 2010

Filed under: Government/Legal

If you reside or frequent a large metropolitan area, you’re probably all too aware of the cost to park your vehicle. In cities like New York or Chicago, you can pay upwards of $30 or more for a full day of parking. To make matters worse, even with astronomical costs many drivers can’t even find an open spot.
San Francisco is looking for a permanent solution to its parking problems by going high tech and paying big bucks to do it. Frisco is investing $25 million on a new electronic parking system that will constantly gauge demand for spots and raise or lower pricing accordingly. So why go to all this expense and trouble to set parking prices?
Parking that’s too cheap may lead to spots getting filled too quickly, which will lead to cars circling around waiting for spots, clogging streets with unnecessary congestion. The goal of the [...]

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