
IN Residential Permit Parking Application - Indianapolis 2015-2025 free printable template
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In most US cities parking is a drag parking garages are expensive and parking on the street can be a real hassle if you're lucky enough to find an empty parking spot you still have to find enough change to feed the meter and then if your errands take longer than expected you run the risk of getting a parking ticket just a few years ago Indianapolis had the same old-fashioned parking meters you find in most cities in the U.S. we were using the old same technology from 35 years ago you put quarters are your dimes and nickels in they were pretty ugly we tackled this one again put out requests for information what were people thinking what could we do we wind up with four pretty solid proposals we picked one with a group called Park Indy it is a 50-year contract the city has the opportunity to opt out every ten years we operate and manage the system everything from meter collection estimator maintenance and now instead of putting those quarters in, and you know that the classic scene from the 1950s that's not what happens anymore now people can use debit cards they can use credit cards it's all electronic we have sensors in the ground, so you could find a parking spot, so you can look at your phone, and it will tell you where the parking spot is in the area that you're looking parking to your left Indianapolis drivers with smartphones can also use an app to pay the same app allows people to set an alarm where the meter is about to expire and extend the parking time if they need to, but the city have done that by themselves absolutely not in 2010 the old city run parking meter system generated less than $100,000 the new meters managed by Park Indy generated more than 1.4 million dollars for the city the first year they were operational and over the course of the 50-year lease the city is projected to make a lot of cash the estimates for that or anywhere between 350 and 600 million dollars over life and that's on top of an upfront payment to the city of 20 million dollars of course in order to make the deal work the city had to increase parking meter rates our rates were so cheap it was unbelievable it was like 75 cents an hour something like that, and I think they went into a buck and a half an hour immediately it's hardly non-competitive and as I tell people I don't have salary I don't have pensions I don't have infrastructure cost I don't have maintenance cost I don't have insurance cost I just take the money now we're going to do this for the next 50 years and that money has to be used for infrastructure, so we've essentially Kirsch created a very strong infrastructure fund which is significantly more than if we just left it the way it was why don't more cities pursue these kinds of public-private partnerships I'm stunned by the number of government officials who don't seem to like the word profit like they don't want a company to make a profit when they work with the government I'm thinking why not the parking deal is the perfect example they're...
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