San Fransisco Looks At Parking Prices

San Fransisco, Is finally looking at more market based parking pricing.

“City officials hope by early next year to start a two-year pilot project that would radically change the way people park in San Francisco – marrying high-tech gadgetry and a free-market philosophy to better manage traffic congestion and to increase collections from meters.

“We’re looking at actually pricing a parking space like housing – let the market dictate the price,” said Sonali Bose, chief financial officer for the San Francisco Municipal Transportation Agency.

In the idea’s simplest application, people would have to pay more to park where demand for spaces is high.”

The amazing thing is just how radical any attempts to put anything close to market based principles to work seem to most people. It’s not an accident that America’s car culture developed in step with the growth of government. The irony is that so many of the world’s “free market” types live a lifestyle enabled by communist road and parking policies.

Needless, to say–the right first place to look for transit funds should be at on the street parking in the city.

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