Currently, meters across the City charge from $1.00 to $3.50 an hour.
In pilot areas, meter pricing can range from between 25 cents an hour to a maximum of $6.00 an hour, depending on demand. During special events, such as baseball games, hourly prices may temporarily increase beyond the $6.00 ceiling.
SFpark will track via sensor how often each space is used and adjust hourly rates accordingly. Rates at meters may fluctuate by time of day and day of week, but prices will be adjusted by increments of no more than 50 cents an hour, up or down, no more frequently than once a month.
My "snark" was a response to MrMoonPie's suggestion that people with children should not live in metropolitan areas.
"An unidentified buyer yesterday paid $300,000 for a private parking space in the Back Bay, making it the most expensive parking space in Boston, according to Listing Information Network, which tracks the city's real estate market."
geoff: With federal minimum wage at $7.24/hr, you're charging potentially 83% of their income to shop for an hour.
IanMorr: Automobiles continue to maintain a huge cost advantage over passenger rail. Counting both subsidies and personal costs, Americans spend less than 25 cents a passenger mile on autos...
The branches with the fewest customers are the most costly to run and - on a percentage basis - require the greatest subsidies.
For example, the Greenport Branch carried the fewest customers in 2009, a total of 69,986, generating $726,304 in revenue, while it cost the LIRR $6 million to operate. While the average fare is $10.38, the actual LIRR cost of providing a ride is $85.91 per customer, for a subsidy per ride of about $75.53. Fare box revenue - money collected from ticket sales - covers only 12% of the actual cost of running trains between Ronkonkoma and Greenport.
By comparison, the Babylon Branch is the LIRR’s busiest and generated more revenue in 2009 - $134 million - than any other line. Last year, it carried 19,682,188 passengers at an average ticket price of $6.81, but the actual cost of each ride on Babylon was $13.25. The subsidy per ride was about $6.44. Fare box revenue still only covered 51% of the actual cost of running trains between Penn Station and Babylon. Systemwide, the actual cost of a LIRR ride is $14.68. Yet, the average customer pays an average price of $6.46, only 44% of the total cost.
The data shows that the total cost New York City Transit pays to operate a subway car for an hour is lower than any comparable system other than Chicago, which apparently wasn’t paying enough of its pension, retiree health care, and track maintenance cost in recent years, resulting in a massive fiscal collapse and a near meltdown in service. Long Island Railroad and MetroNorth costs to operate each rail car for an hour were much higher than the subway -- and other similar commuter rail systems. NYCT buses do not have a similar advantage per revenue vehicle hour, and are in fact relatively expensive due to relatively high costs per employee work hour. NYCT bus costs are among the lowest per trip, however, as its buses are fuller. The subway covered 67% of its operating costs in 2007, down from prior years but better than virtually any other public system, MetroNorth (59.3%), the LIRR (46.3%), or PATH (41.4%). NYCT buses covered 36.9% of their operating costs, better than most but about the same as Westchester’s Bee Line (36.2%) and Long Island Bus (34.9%), something I hadn’t expected.
Western Infidels: It seems that my old car has cost me about $5 per hour of driving time.
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