Comment by stockresearcher
6 months ago
Chicago has "residential zone parking" for the areas of the city that are primarily residential. For $30 per year per car, you get to park on the street in your local zone (2-3 city blocks). Nobody else is allowed to park on the street in that zone. For visitors, you can buy a sheet of stickers for $1 per sticker that enable 1 day of parking. But you can't buy more than 3 sheets in a month (they keep track).
I've always wondered why NYC and other big cities don't do this. It costs so little, yet makes it much easier to park where you live.
Density. If you paid for a parking permit then there's some expectation that a parking spot will be available for you near your house. Except in NYC residents outnumber parking spots 20:1 in some neighborhoods.
I imagine you use prices and rationing to restrict the number of permits to avoid this issue.
30$ per year basically means it is subsidized. Imagine the revenue if they would rent out that space for anything else.
Maybe my view is too European, but why would you subsidize car ownership in a city?
Seattle has this. 2hr parking if you dont have an residential parking zone registration for your car (it's based on license plate).
Surprisingly they charge $190/yr per car for this.
> Surprisingly they charge $190/yr per car for this.
Don't feel too bad. In Chicago, it's a $30 optional add-on to the annual sticker that everyone has to buy whether they park on the street or keep the car in a garage. The annual sticker cost is based on the weight of the vehicle; it can run from $100 to $500 per year.
Residents love these policies but local businesses tend to hate them.
Business zones (IE arterial streets) use metered parking