![]() Six months after the Chicago deal was signed, a report found that the real value of parking in the city over 75 years was between $2bn-$3bn. “Parking rates in Chicago had been so low for so long that the city didn’t have a good sense of what parking might be worth, which is something Chicago has in common with many other cities.īy keeping rates low, cities don’t get a sense of what people are willing to pay for parking on the open market.” Either the company had a say in that work, or it would charge the city for what it calculated as the difference. “The company which owned the parking meters had the right, if the city wanted to install bus or bike lanes or pedestrianise streets, to say that that change was affecting revenue. “When they did so, however, not only were they on the hook for very high parking rates, but they had also lost control of the streets," he said. Grabar told me that in 2008 the city of Chicago sold its 36,000 parking meters for a lease term of 75 years to a consortium of investors, getting $1.1bn in return. ![]() And what happens when parking gets privatised, which I found very interesting given the ongoing debate in Cork about parking. Then there’s the commercial side of parking. A playing field, a playground, an urban plaza - once some person parks there, then it becomes a parking lot.” We’ve all seen places which didn’t seem meant for parking, but as soon as one person parks there, then it’s open season. “The other obvious point is that as a driver, there isn’t always a hard line between what is a parking space and what isn’t. “This shows the extent to which parking is an afterthought with planning, how little it’s been considered as a subject for systemic study - we haven’t even counted the total number of spaces. “But the whole point is that we can’t be that clear and we don’t keep better track of this. “I think 2bn is pretty unlikely,” Grabar said. ![]() For instance, it’s not known if there are 1bn or 2bn car parking spaces in the US. Kudos if you can answer, because this is a notoriously difficult question. How many parking spaces are there in Cork? It seems to be this grey area, stuck between architecture and transportation.”ĭubious about parking as a topic? Here’s a simple question. “The emblematic anecdote is that when you type in directions on Google Maps, it can tell you what roads are crowded and which are not, how long it’ll take to drive there to the minute - but with parking, you’re on your own. “That uncertainty is the key part of parking, what makes people get upset about parking, and in conversations I’ve had since it came out, that keeps coming out. Broadway Melrose Park, IL.“If aliens were looking down at us they’d see us take our means of transportation somewhere without knowing where we’ll leave it - do you take off in a plane not knowing if there’ll be an airport for it at the other end?’ ![]() ©2013 Melrose Park Police Department, 1 N. The Police Department provides links to certain government agencies, taxing bodies, non-profit organizations and businesses located within Melrose Park, but does not guarantee the accuracy of the information provided by these sites, and is not liable for reliance on this information. The Police Department reserves the right to make changes and improvements at any time and without notice, and assumes no liability for damages incurred directly or indirectly as a result of errors, omissions or discrepancies. Disclaimer: The Melrose Park Police Department has made every effort to ensure the accuracy of the information provided on this website.
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