San Francisco's new parking experiment- supply & demand based meter rates.
Published on 2012-03-16 12:12:01
San Francisco's new parking meter system automatically raises or lowers parking rates based on supply and demand. Sensors placed in the street gather information on how crowded or empty each block is, adjusts pricing, and updates the available smartphone app.
Data on the new system shows there has been an effect on the most crowded blocks, with more spots available at the higher price. The goal of the city is to create at least one open parking spot per block, and has also lowered the prices in many city-run garages to encourage cars off the street.
Fewer parking tickets have also been issued with the new system, as time limits have been lengthened or eliminated and drivers can now pay by credit card or by phone.Visit us at www.msparking.com