Cheap Parking

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CHEAP PARKING….One of Matt Yglesias’s hobbyhorses is the scourge of cheap parking, and today he explains how mispriced parking can hurt downtown businesses:

On the one hand, meters might be so expensive that there are just tons and tons of vacant parking spaces haunting downtown. In this case, the high price of parking is keeping customers away from stores and the meter rates are [too] high. On the other hand, meters might be so cheap that convenient street parking is rarely available and drivers leave their cars parked for long stretches of time. In this case, the low price of parking is creating parking shortages and low turnover, keeping customers away from stores.

As a born and bred suburbanite, my reaction naturally is, “What are these parking meters you speak of?” Here in The OC, when you want to park your V-8 Cadillac Escalade, you just cruise through a vast expanse of asphalt until you find a suitable spot. What’s to meter?

But I guess you city slickers do things differently, don’t you? So here’s my question: what’s the best way to figure out a market price for parking? Surely someone has done this, haven’t they? Electronic meters that adjust pricing to different times of day? Experiments with different prices? Studies of how many open spaces there are at different times and places? What? There must be some clever answer.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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