Posted on:
May 05, 2010
12:45PM

New Smart Parking Meters

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Mayor Antonio R. Villaraigosa and Councilmember Tom LaBonge demonstrated the ease of payment at the first of 10,000 new Coin & Card parking meters being installed citywide. The new meters are more convenient and reliable for drivers while generating more revenue for the City.
“Broken meters frustrate drivers and cost the City too much lost revenue,” said Mayor Villaraigosa. “Instead of carrying a bagful of quarters to feed the meter, drivers will now be able to pay quickly and conveniently with a credit card.” "A modern city needs modern technology. These smart meters will allow people to park with greater ease and pay with a swipe of the card," said Councilmember Tom LaBonge.
The installation of new meters began with 200 that were unveiled today in Los Feliz. LADOT estimates that the 10,000 Coin & Card meters will generate an additional $1.0-1.5 million annually in net meter revenue. They are being installed in the areas with the highest traffic in the city.
"LADOT is excited to be installing 10,000 new parking meters that accept coins as well as credit/debit cards. This will make it more convenient for Los Angeles residents and visitors to park at meters on City streets," said Rita L. Robinson, General Manager. Upon the completion of the installation of the 10,000 new meters, approximately 37% of the City’s 40,000 meters will have been upgraded. These modern meters will generate more than 50% of the City’s parking meter revenue.
Through a pilot project, approximately 500 upgraded meters have previously been installed and operating in the City. Meter revenue has increased nearly 40% on average where Card & Coin Meters are installed.