abraham lincoln abraham maslow academic papers africa aging aid alexander the great amazon america android os apple architecture aristotle art art institute chicago astronomy astrophysics aubrey de grey beck beer berlin bernacke bicycle BIG bill murray biophilia birds blogs bob dylan books bourdain brewing brian wansink buckminster fuller bukowski cameras cancer carl jung carl sagan cemetary change charter city chicago china christmas church civil war climate change cologne construction coop himmelblau copenhagen cornell west cps craigslist crime crown hall cyanotype cyrus dalai lama darkroom data dbHMS death design build dessau detail Diet dogs dome dongtan douglas macarthur drake equaation dresden dubai ebay eco economics economy education einstein emerson emily dickinson energy experiments facebook farming finance finland florida food france frank lloyd wright frei otto freud frum funny furniture games gay rights gdp george w bush george washington germany ghandi glenn murcutt goals good google government graphic design guns h.g. wells h.l. mencken hagakure halloween health health care henri cartier bresson herzog and demeuron honey housing human trafficking humanitarian efforts hydroponics ideas iit indexed india industrial design industrial work internet investments japan jaqueline kennedy jim cramer john maynard keynes john ronan john stewart journalism kickstarter kings of leon kittens krugman kurt vonnegut kurzweil lao tzu law le corbusier ledoux leon battista alberti links LSH madoff malcolm gladwell marijuana marriage masdar city math mead medicine microsoft mies van der rohe military milton friedman mlk money movies munich murphy/jahn music nasa nervi neutra new york nickel nietzsche nobel prize norman foster nsa obama occupy open source paintball palladium print paris parking party passive house paul mccartney persia philip roth philosophy photography picturequote pirate bay pirating plants poetry poker politics portfolio potsdam predictions prejudice presidents process photos prostitution psychology public housing q and a quotes rammed earth randy pausch reading reddit regan religion rendering renewables renzo piano restaurants revolution richard meier richard rogers robert frank rome rubik's cube rule of 72 rumi san francisco sartre sauerbruch hutton saule sidrys schinkel school science screen printing seattle sesame street seth roberts sketch social media soviet sparta spider spinoza sports stanley kubrick stanley milgram statistics steinbeck sudhir venkatesh suicide sustainable design switzerland taxes technology ted teddy roosevelt tension terracotta tesla thanatopsis the onion thomas jefferson thoreau time lapse tommy douglas transportation travel truman tumblr unemployment urban design van gogh venezuela vicuna video video games wall street war werner sobek wood woodshop woodworking ww1 ww2

09 March 2009

Parking Meter FAIL, Round 2

I first blogged about this here. What's really funny is that at the end of that article I say that we have to stop spending so much (so that we don't have to do things like sell off parking meters to private companies in order to pay our debts... it makes Chicago seem like a drug addict), but of course now the name of the game is for government to spend as much as possible. Oh how so much can change in not quite three months!

Chicago finally raised the rates of meters in my area and increased the hours in which you have to feed them. This picture is a broken meter, broken because it's so full of quarters it can't accept any more. I did a quick survey on my 2 block walk. Two meters were still functioning out of about 30.

Okay, now the fun part. HAHAHAHA!

"A tax is only as good as your ability to collect it." - I thought that was Benjamin Franklin, but I couldn't source it.

So here's what happened. The meters in my area went from $1 an hour to $2 an hour. In addition to that the east west streets used to stop charging at 6 PM, now it's 9 PM. Also, Sundays and holidays are no longer free days. It went from $1 an hour for 60 hours a week to $2 an hour 91 hours a week on the side streets. That's an increase of roughly 300%... how does that break down in quarters? From a max of 240 to a max of 728... I know, it's terribly complex. It's so complex that The Man forgot to triple the size of the workforce that collects the quarters from the meters. I wonder if they've figured this out yet? In the mean time raising parking rates has led to free parking.

Here's a few other interesting things I've noticed. The meters for the most part still stay full all the time. I thought doubling the rates would have more of an impact but it really hasn't. Parking spots are only marginally easier to find now. I wouldn't have guessed demand was so inelastic (the change in demand was not equal to the change in price, signaling that there are few substitute goods). The amount of cars circling for parking has definitely been reduced. The streets around my area are less busy now; not that I have numbers to back that up but it's noticeable. All in all I think it's an improvement, but I'm still upset that the city sold the rights to it's meters. It could have all been done better.

1 comment:

Ben said...

This is actually considered an EPIC fail...go Chicago. Selling the skyway to Skyway Concession Company (1/2 Australian, 1/2 Spanish)is also an epic fail. That marked the first time a public toll road was privatized in the United States (Daley = modern day pioneer). How long until the CTA graces the pages of ebay? I am jonesin' for a hit of that yellow rock...