April 18, 2013
On January 25th, 2013, NYC parking meter rates increased. We’d previously written about this (potential) increase in November 2012.
If you deal with NYC parking, here’s the critical information:
- Above 110th St in Manhattan: No change from $1/hour
- 110th St – 96th St in Manhattan: Increase from $1 to $1.50/hour
- South of 96th St in Manhattan: Increase from $3 to $3.50/hour
- Lower Manhattan: New muni-metered spaces will be installed in 428 currently free or no parking zones.
- City Parking Lots & Garages: Hourly and long term parking rates to increase
If you do overstay your parking meter and get an Overtime Meter Ticket, you’l be fined $35 – $65. That’s probably worth paying an extra $.50/hour.
The rate increases for NYC parking meters are expected to bring in another $5.1 million annually, whilst the NYC Muni-Meters for 428 spaces could bring in $6.7 million annually.
May 25, 2012
Following in the footsteps of Chicago, Indianapolis, Sacramento, Harrisburg PA, and other cities, NYC is considering leasing NYC parking meters to an outside company. This private company would ideally leverage current technology to:
- reduce congestion and get you to your parking spot faster using real-time NYC street parking occupancy data from companies like Streetline,
- bring in more revenue with remote payment options via telephone, text, or online.
What would the NYC government still do?
April 27, 2012
Your dreams of finding better and/or cheaper NYC parking faster is one step closer to coming true. Streetline, a company we’ve written about before, just got a $25 million line of credit from Citibank. Here’s the scoop:
When Streetline moves in to a town or NYC, it puts sensors in every NYC street parking space. When you park, a real-time database knows that space is occupied. Ideally, you can register your car and pay remotely, and even add more time to the meter up to the maximum time you can park at that NYC parking meter.
All that real-time data will tell the city where there are available spaces to park on the street, and where the streets are full. The city can raise or lower the street parking meter rates to balance out the supply and demand so there is an occupancy rate of 70%, or 80%, or the level that is appropriate to make sure that you can find a parking space. Kind of cool, huh?
The next step is to involve NYC parking garages, so you can choose to search for street parking or get a guaranteed space in a NYC parking garage. It might cost more that parking on the street, but you’ll save heaps of time circling for a spot.
January 12, 2011
On January 5th, the NYC City Council voted NOT to increase NYC parking meter rates by 25¢ in Manhattan above 86th Street and in the four boroughs of the Bronx, Queens, Brooklyn and Staten Island. The increase would have put NYC parking meter rates at $1/hr from the current 75¢/ hr, which is still pretty inexpensive compared to a typical garage rate of $10 – $30/hr.
The increase was part of Mayor Bloomberg’s new July 1st budget but got negotiated out, along with about $35 million in other services to be cut, after some pretty tough opposition from Transportation Committee Chair James Vacca. How much is the city giving up? $2.5 million. That’s a lot of quarters. And if you park below 86th Street in Manhattan, you can expect your parking meter rate to increase from $2.50 to $3/hr. Read more…