More NYC parking meters could rake in $1B, think-tank tells Mamdani - as locals blast 'money grab'

"It's ridiculousness! This is a money grab to pay for the free items that are promised, and as usual, at the expense of the poorer neighborhood!"

"That's a costly missed opportunity."

"The city's current parking meter program generates about $258 million in revenue annually-a figure that is essentially flat over the past decade after adjusting for inflation."

Center for an Urban Future recommends expanding metered parking across New York City to increase revenue and reduce parking-related congestion. New York has more than 12,000 miles of curb and over 3 million street parking spaces, but only about 80,000 are metered, fewer than 2.5%. The group calls for at least a 25% increase in metered spots and suggests peak-time pricing modeled on congestion pricing. The city's current parking meter program generates about $258 million annually and has been essentially flat after adjusting for inflation. Some businesses and residents oppose the proposal as a regressive revenue grab, while the Mamdani administration is open to updates.

Read at New York Post