• How much revenue are Newark’s parking meters generating?

    by  • January 20, 2012 • Bike Parking, Economics • 6 Comments

    A recent argument that was used against on-street bike parking on Newark’s Main Street was revenue. That each metered car parking space generates about $15,000 that the City relies on. The rates for parking downtown can be found on Newark’s website:


    Let’s crunch the numbers:

    6 days per week @ 17 hours:  102 hours
    1 day per week @ 24 hours:  24 hours
    126 hours per week x 52 weeks:  6,552 hours
    6,552 hours x $1.25:  $8,190

    Just with simple math, it comes to roughly half the amount claimed. Now, this assumes a car is present the entire allowable time. Since we have no numbers on the average time that a car is present and the meter is running, let’s just assume it is 2/3 (this is being quite generous, but to be safe…).  We can now reduce this amount to $5,460. Then we have the hidden costs of metered car parking, such as enforcement, environmental impacts, and quality of life issues associated with excessive automobile use. What about the immeasurable value just in terms of reducing car trips in the City, especially those 2 miles or less, which account for approx 40% of all trips? So really, what is the actual revenue of a metered parking space in Newark? And is the City including parking tickets in the meter revenue? If so, it would take at least 1 ticket per day – every day – on each meter just to raise it to over $10,000 per year, and this still does not include the hidden costs above.

    We remain hopeful that City Council, and those they appoint to make decisions for us will re-think their stand against equal level of service for bicycles and sustainable transportation. This includes bike parking at regular intervals along Main Street, along with right lane Sharrows for the entire length just outside the door zone. The benefits of reducing automobile congestion in a downtown in favor of walking and bicycling are too numerous to mention.

     

    If the city wanted to get creative, they could cheaply retrofit existing meters for safe and secure bike parking.

     

    6 Responses to How much revenue are Newark’s parking meters generating?

    1. Amy Wilburn
      January 22, 2012 at 12:29 am

      You’re right. They really should retrofit the meters. That wouldn’t even cost them parking revenue.

    2. Felix Cartagena
      January 22, 2012 at 7:01 am

      Don’t forget to add in the $200 fine for putting coins in meters for cars that are not yours. In Newark it is illegal to do so, as one student found out when he put coins in the meters for his study group members. He was hauled away in handcuffs.

    3. Amy Roe
      January 22, 2012 at 3:27 pm

      I need a safe place to park my bike that won’t damage trees or block pedestrian traffic. What happened to all those bike racks that Newark supposedly received in 2010? Inadequate bike parking is the #1 problem on Main Street.

    4. D G M
      January 25, 2012 at 1:41 pm

      Don’t forget to take into account the poor display of the actual parking enforcement times (no posted street signs, instead on the meter on the street side – the side you do NOT put money into) and the $15 a pop parking tickets being written by the Newark police department. People are getting robbed and bikes are getting stolen but there is an officer assigned specifically to generate revenue for the city by walking up and down Main St and the auxiliary side streets that are metered…
      I’m glad to have a Newark address but NOT live in the incorporated limits of Newark

    5. February 3, 2013 at 9:34 am

      Since all non-citizans and some citizens do not know about your “HOURLY RATES ” on your parking meters on a very dark Amstel and Elkton Rd. are daytime. don’t you think you should warn— I mean signs that state hourly and time limits to feed meters and please state Quaters Only

    6. seth
      February 20, 2013 at 2:41 pm

      It is criminal how Newark generates revenue from fines…it equates to just another hidden tax paid to a town that has the worst snow removal in the entire state

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