Charging for Parking to Finance Public Services

What is it about?

Many cities have two serious problems: overcrowded on-street parking and undersupplied public services. This article examines a policy to address both problems: charge market prices to manage on-street parking and use the revenue to finance local public services. Our case study of a pilot program for alley improvements in Beijing finds that the estimated payback period for the investments in sanitation, security, landscaping, and parking is less than three years.

Featured Image

Why is it important?

Parking Benefit Districts may turn out to be an efficient, fair, and politically feasible way to improve transportation, cities, the economy, and the environment.