Wednesday, October 05, 2011

Markets in Everything: Variable Parking Rates

SAN FRANCISCO -- "Local motorists had better keep a close eye on where they park. Hourly meter rates in San Francisco will soon range from $1.25 to $4 depending on the neighborhood and time of day.

The new meter prices will go into effect later this month and are part of the San Francisco Municipal Transportation Agency’s SFpark program, which aims to reduce traffic congestion by raising or lowering hourly parking meter rates based on demand."

HT: Pete Friedlander

6 Comments:

At 10/05/2011 10:51 PM, Blogger arbitrage789 said...

Great idea. I'd much rather be able to find a parking space (even if a tad expensive) than not to find one at all.

 
At 10/05/2011 11:17 PM, OpenID 201aa526-efd2-11e0-8b41-000bcdcb471e said...

Seem like a good idea unless you lived in SF the last 10 years and have watched as the MTA has eliminated thousands of parking spaces and limited private garages making it necessary to raise rates to "relieve congestion" The MTA is openly hostile to car traffic eliminating lanes and un-timing lights to create traffic in order to force people from their cars and ride heavily subsidized buses. This is why everyone with kids is leaving SF if they can afford it.

 
At 10/06/2011 12:34 AM, Blogger KauaiMark said...

Makes me want to visit SF even less...

 
At 10/06/2011 8:43 AM, Blogger morganovich said...

arb-

this whole program is a trojan horse. do not believe for a minute that this is about congestion reduction.

it's about revenue increases to fill in the gaping hole in the SF muni transport budget that are filled each year through meter revenues and parking tickets.

this lets them up prices selectively to fill the whole and makes it easier to up hourly rates in the future.

 
At 10/06/2011 11:15 AM, Blogger Che is dead said...

The new meter prices will go into effect later this month and are part of the San Francisco Municipal Transportation Agency’s SFpark program, which aims to reduce traffic congestion by raising or lowering hourly parking meter rates based on demand.

201 is correct, these rates are not so much the function of meeting demand as they are the result of restrictng supply.

 
At 10/11/2011 10:02 AM, Blogger misterjosh said...

Thank god! I've been starting to fear that they weren't going to be able to pay their bus drivers $100,000 any more!

 

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