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Cincinnati Uses Demand To Price Parking Spots

Cincinnati's new parking meters include data analytics to help price parking according to demand.
Travis Estell
/
Flickr/Creative Commons
Cincinnati's new parking meters include data analytics to help price parking according to demand.

CINCINNATI (AP) — How much you have to pay to park in Cincinnati could depend on the demand for your spot. The city of Cincinnati is increasingly setting rates tied to usage. The Cincinnati Enquirer reports that the city's parking contract with Xerox includes data analytics.

New revisions in rates will actually drop rates in some areas, such as down a quarter to 75 cents an hour in some parts of the Over-the-Rhine neighborhood. But they go up in some places, including up a quarter to $2.25 in the busiest downtown business area.

Parking revenue has become increasingly important to the city, and some money will go to the Cincinnati streetcar construction underway.

The city scrapped an earlier plan to privatize parking in a long-term lease deal.

 

Stories from the Associated Press.