An amazing report on the revenue generated by the new meters

[Nicky Jacobson]

Report on DECREASING revenues due to the new meters! Sorry, it's
long.

Revenues for the SFMTA are DOWN because of the new meters, even at old
meters due to less citations even though the meters brought in more
money. And this is SFParks own study. This totally debunks the $$$
part of their plan and explains why they never mention it and are
always talking about environmental impacts. Another key point for the
hearing.

Some points of note:
Adding together meter revenue and meter-related citations, the new
meters are generating more revenue than meters that were not upgraded
compared to last year. Combined revenue at the new meters decreased by
about 3 percent, while combined revenue decreased by 14 percent at
meters that were not upgraded.
Overall revenue impacts:
-At the single-space SFpark meters, the average value of citations
issued per meter decreased by 35 percent in early 2011 compared to the
same period in 2010, before SFpark meters were installed.
-Factoring in the increased revenue from payment at the meter, net
revenue was down by 3 percent at single-space SFpark meters.
-Despite the small net decrease in revenue, SFpark meters outperformed
parking meters that were not upgraded, which had a smaller drop in the
value of citations issued (21 percent) but also had a significant drop
in revenue from payment at the meter, leading to a net revenue
decrease of 14 percent.

Also the report addresses occupancy rates which actually INCREASED
because people are staying longer at the newly metered spots. This
also discredits their whole strategy of creating an open parking spot
on every block:
-Overall occupancy at single-space parking meters that accept credit
cards increased by about 5 percent after time limits were extended,
while overall occupancy increased by less than 1 percent at West
Portal and Inner Richmond meters, where time limits were not extended.
-After time limits were extended, a larger share of parking sessions
lasted more than an hour. At meters that switched to no time limits
and meters that switched to four-hour time limits, the average share
of parking sessions of more than four hours increased by about the
same amount.
-The increase in parking occupancy after time limits were extended at
single-space next generation meters (5 percent) was much smaller than
increase in gross revenue, which was about 25 percent (in addition to
the increase in revenue that accompanied the installation of meters
that accept credit cards).

I wonder if Jay Primus even read this thing.

The full report:
http://sfpark.org/wp-content/uploads/2012/01/SFpark_New_Meter_Evaluation_12_12_2011.pdf