8. Build our way out of it?
Surface: +/- $10,000 or $50/ month
Garage:
+/- $20,000 or
$100/ month
Underground:
+/- $40,000 or $200/ month
Assumptions
4% interest rate
30 years
16. We decide where to spend the money
Meter Revenues &
MGL Chapter 40 Section 22A
necessary expenses related to
parking meters…&
“…regulation of parking and other
traffic activities…”
street cleaning
snow removal
17. We decide where to spend the money
2012 Revision
MGL Chapter 40 Section 22C
Purchase or lease of additional parking
lots
Commuter shuttles or commuter shuttle
services
Transit station accessibility
improvements or traffic controls
19. We decide where to spend the money
Reality
No case-law to date in Massachusetts
Barrier is political
Community Support?
20. We decide where to spend the money
A Model: Nashua, NH
Parking Revenues General Fund
If GT $728,000 in meter revenue…
Decided upon by the Downtown
Improvement Committee.
2012: $140,000
2013: $120,000