New Parking Meters Aim To Boost Cities' Revenue

Maryland based IntelliPark has developed a new kind of street meter that it claims will encourage drivers to keep stops short while generating increased revenue for municipalities.

"Two things our meter does," says Glen Hellman, the company's Chief Executive Officer. "One is when a car leaves, we recognize the car left, and if there is any excess time left on the meter, we zero the meter out."

"Hellman says that can increase a city's parking meter revenues by 20 to 50 percent. The second thing his smart meter does is prevent people from "feeding" meters to hold on to a single spot for hours on end."