Paid parking = Free grumble
Paid parking evokes strong emotions
Paying for parking is always a hot item, and emotions often run high, especially when parking tariffs increase. As a motorist, you may feel at the mercy of a market that is by no means transparent. At the same time it is clear, to public and private landlords, that proper parking policies make a tremendous contribution, not only to the liveability in cities, but also to their accessibility.
- the need to cover costs;
- an outcome of political negotiations; or
- what neighbouring cities charge.
We think there is.
An economic approach to setting parking tariffs
- A low tariff is not ideal because it will attract too many cars and there will be no vacant parking spaces left;
- A tariff that is too high will mean that people stay away;
- The ideal tariff is based on attractiveness of the area. The more attractive, the higher the tariff.
- Is the current parking tariff in proportion to the economic performance of the neighbourhood?
- Could an adjustment to the tariff help the area improve its performance?
- Are there enough parking spaces, and if not, can demand be muted with higher tariffs and/or would it make sense to invest in more public transport or more parking capacity?
- To what extent can greater differentiation in tariffs help to distribute the pressure on parking more evenly?