In yesterday's wrap-up
of the Performance Parking
meeting, I mentioned how the program wasn't yet "operating in the black," because of the substantial cost of putting in the meters. However, I've been gently reminded that the legislation that created the pilot
spells out that, initially, 60 percent of the program revenue will be put toward the repayment of the cost of the meters, with 20 percent of the revenue to be used "solely for the purpose of non-automobile transportation improvements in the zone." (The other 20 percent goes to the DDOT's operating fund.) This means that there will already be some dollars available at the end of 2008 toward improvements.
In a few years, once the meters are paid in full, only five percent of the revenue goes toward meter and signage upkeep in the zone, and 75 percent goes to non-automobile transportation improvements in the zone, such as bike racks, sidewalk repair, etc.