The power of modern parking technology is on display on the streets of Pittsburgh.
Four years after installing "pay-by-plate meters" around the city, Target 11 news in Pittsburgh is hailing the system as a success. Moreover, "taxpayers are reaping the benefits," according to the article.
The multi-space meters take credit cards instead of the coin-operated meters of yesteryear. "Target 11’s Rick Earle learned that the Pittsburgh Parking Authority generated $5.5 million in 2011 from the old meters, but with the newer ones in place, the figure skyrocketed to $17.1 million last year."
According to the article that accompanies a television report, the additional funds have helped finance two new parking garages in addition to funding the operations of the Pittsburgh Parking Authority and sending the rest of the revenue to the city's general funds.
FULL STORY: Pittsburgh sees significant parking revenue increase after switch to new meters
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