The failure of cities to price parking based on demand has resulted in an underperforming parking system, the impacts of which include lost revenue, increased congestion, decreased access to businesses, environmental harm, and inconveniences to travelers. Under-priced and free parking also distort travel decisions.
Today, technological advances offer the opportunity to effectively manage and price parking. This primer discusses advances covering a broad array of parking pricing applications, available technology, preferred user accommodations, and strategies for gaining public acceptance for policy changes.
– From Contemporary Approaches to Parking Pricing: A Primer (FHWA, 2012)
