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VPP Projects Not Involving Tolls
Category: Parking Pricing

NEW YORK: Parking Pricing in New York City

New York City Department of Transportation (NYC DOT) will implement a variable parking pricing pilot program called "Peak Rate Parking" in a diverse set of locations throughout New York City over the next three years. The program will price both noncommercial and commercial vehicles with complementary mitigation measures that ensure equity and mobility for all users and modes. The project will seek to make the best use of the curb space for the overall efficient functioning of the street for all users. Two strategies will be utilized to secure public support and understanding of pricing policies. A proactive public outreach and stakeholder campaign will be implemented and a package of pricing policies with companion mitigation measures that address the transportation needs of the congested commercial corridors will be implemented where pricing is imposed.

Implementation Time Frame

2009

Funding Program

Value Pricing Pilot Program

October - December 2011 Update

New York City Department of Transportation (NYC DOT) has implemented three PARK Smart pilots since 2009 – Park Slope, Brooklyn; and Greenwich Village and the Upper East Side of Manhattan. Based on community support and feedback, NYC DOT has expanded and made permanent the PARK Smart programs in Park Slope and Greenwich Village. In both locations, PARK Smart means peak rates during peak demand periods. In Park Slope, metered parking is now $2.00/hour during peak hours (noon - 7 p.m.) and $1.00/hour off-peak. In Greenwich Village, metered parking is now $5.00/hour during peak hours (6 p.m. - 10 p.m.) and $3.00/hour off-peak.

The extensive analysis and community engagement made possible by the VPPP grant allowed NYC DOT to tailor the pricing strategies and parking regulations to neighborhood needs. This meant addressing commercial loading concerns, expanding the peak-pricing area when each pilot was made permanent and tweaking meter shut-off times and time limits to improve curb performance.

Overall results show that PARK Smart has been effective at managing parking demand. Interestingly, the results are more evident in parking turnover, where 18% more vehicles were able to find legal metered spaces as compared to pre-implementation levels a year earlier, than in curb occupancy. Occupancy levels, which were already high (over 90%) remained the same as pre-implementation levels. The fact that pricing has affected duration more than occupancy is likely to due to the lack of off-street alternatives to metered parking in PARK Smart neighborhoods. Finally, traffic volumes declined by 7% after implementation, partly due to drivers finding parking more quickly and spending less time circling.

NYC DOT is now working with three more neighborhoods to launch three more PARK Smart pilots this year. These pilots will involve peak rate parking and community-tailored curb management strategies to ensure that PARK Smart meets each neighborhood's unique parking needs.

For More Information Contact

Tom Maguire, AICP
Director, Congestion Mitigation
New York City Department of Transportation
40 Worth Street, Room 1029
New York, NY 10013
Phone: (212) 442-1504
Fax: (212) 442-7260
E-mail: tmaguire@dot.nyc.gov


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