The Price of Parking on Great Streets
Practical policies can mean big benefits for the streets on which they are enacted. With performance-based parking prices, local revenue return, and parking increment finance, everybody wins. This chapter was adapted from a speech delivered at the Urban Land Instituteâ€™s Great Streets Symposium in Washington, D.C., January 17-20, 2006. How can curb parking contribute to a great street? To help create great streets, a city should (1) charge performance-based prices for curb parking and (2) return the revenue to the metered districts to pay for added public services. With these two policies, curb parking will help to create great streets, improve transportation, and increase the economic vitality of cities.
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