Also discussed here: MBA: The Right Price for Parking (Elizabeth Press, including a 3 minute video,Street Films, Apr. 19, 2011)
And here: Demand-responsive parking prices: a key element of Adaptive Parking (Paul Barter, Reinventing Parking, Jan. 14, 2012)
And here: Parking in Calgary
Today we highlight a system that varies the charges for parking by demand (or parking pricing) , just introduced in downtown Calgary, Alberta. The approach uses the principles espoused by Prof Shoup and implemented in San Francisco in 2011 where the price for parking varies block by block according to the demand for parking as measured by sensors in the parking space pavement. In Calgary, prices for parking are applied not by block but by defined parking areas where prices increase by 25 cents/hr when the spaces are occupied more than 80% of the time and lowered when the occupancy rate is less than 50%. Experience from other cities indicates that revenue from such an approach can double or triple that from fixed rate parking meters, in addition to reduced congestion and improved air quality in the downtown core from fewer vehicles driving needlessly to find a vacant parking spot.
"the right price is the lowest price you can charge and still have one or two spaces available on each block."
“Depending on the demand for parking at a given location, the right price could be higher or lower than the static prices you see at traditional meters. You need a dynamic system that adjusts the price based on demand.”
“Rates will be adjusted by a maximum of $0.25 per year according to demand. Specifically:
- In areas where occupancy is below 50%, prices will decrease by $0.25;
- In areas where occupancy is above 80%, prices will increase by $0.25;
- In areas where occupancy is between 50-80%, prices will stay the same.”