Saturday, March 20, 2010

Parking geeks everywhere

Just reading this news item about how the Pittsburgh Parking Authority is going to ramp up ticketing to make up for a revenue shortfall resulting from our snow-filled February.

Which brings to mind a piece of economic research I remember:

Red Ink in the Rearview Mirror: Local Fiscal Conditions and the Issuance of Traffic Tickets
Sometimes research merely documents the obvious eh?
So I have to admit my biggest questions about how the leasing of parking meters would work is how ticketing will happen and be enforced.  Just trying to figure that out I came across this.  Chicago had a Parking Ticket Geek blogger who has a 7 part series on Chicago meter leasing deal.  Here is part II: The Meter Lease Deal Part 2 - Morgan Stanley Smith Barney.

Mr. Parking Meter Geek has another post just on the visit of one of the Chicago Aldermen to Pittsburgh last week to discuss the pending parking asset monetization.


Blogger Bram Reichbaum said...

I wonder if anyone has ever studied if raising parking ticket fines correlates with a decrease in vehicular accidents and other negative public safety incidents? I couldn't believe that parking in front of a fire hydrant carried that low of a fine.

Saturday, March 20, 2010 12:02:00 PM  

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