Thursday, April 8, 2010

San Francisco Moves Toward Demand-Based Parking Prices

The first nationwide to inventory its huge parking supply, San Francisco found 441,541 public spaces, including 25,000 metered and 255,000 free on streets. Officials expect to find some 360,000 more in private garages. That makes a total of 800,000 parking spaces within city limits – at least one for each resident. Under a federally funded pilot program (SFPark) to manage the supply gainfully, minimize search for curbside spots, and cut tailpipe emissions, the San Francisco Municipal Transportation Authority (SFMTA) will be installing more than 5,400 multi-space meters linked to in-street sensors, with pricing based on the number of vacant spaces. The prices will fluctuate according to demand – higher rates charged in peak hours and lower rates when vacancies increase.
www.smartgrowth.org/news/article.asp?art=7600
 
Article courtesy of New Smart Growth Network State by State and International News Headlines