One of many possible schemes:
* Number on-street parking spaces by the residential property associated with that space, IE spaces by 322 Emerson (between Lytton and Everett) become numbered 322a, 322b, etc. Spaces would be painted onto streets with the numbers painted on.
* Residents may also rent out spaces in their driveway. Residents who choose to rent spaces would then have numbers painted onto their driveway to demarcate spaces that could be numbered 322c, 322d, etc.
* Let’s say that the price for a parking space from 9AM to 5PM on weekdays is $4.
* Parkers use the Parking Panda smartphone app (or the web) to reserve spaces for rental in advance, or take available spaces in real time.
* For driveway spaces, residents get 90% of rental income and Parking Panda takes 10%.
* For on-street spaces, residents associated with that space (occupants of 322 Emerson are associated with 322a and 322b) may rent that space for a preferred daily rate of $0.25. Associated residents may reserve spaces up to 30 days in advance. The City takes 100% of this revenue.
* For on-street spaces rented by other folks, those parkers may reserve spaces 48 hours in advance. Of the $4 charge, 25% goes to the landowner associated with the space (this makes the policy politically feasible by generating new income for residents from the public land on the street in front of their house). 10% goes to Parking Panda, and 65% goes to The City.
* Assume that revenue to The City covers project initiation and ongoing operation, and also generates some surplus revenue.
Parking Panda: Web Link
Discussion of a relevant San Francisco parking rule change: Web Link
1. There are many other companies in the "smart parking" field. Parking Panda would not necessarily be the best technology company to supply this solution to The City.
2. This is a "sketch" of an idea. A detailed implementation study with stakeholder feedback will be necessary to address various issues. Numbers and details will be refined by an implementation study.
What do you think?
This story contains 440 words.
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