The Washington, DC region is great >> and it can be greater.

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Goldfish: the current barrier to moving to DC includes high property taxes, bad services (notably school), and difficulty parking. If the RPP is $800, and you get a $600 lower property tax, you might downsize from two cars to one, or none, and will find parking easier. The difference in price might go towards schools.

Another model is to give each resident the ability to buy only one RPP at $200, but the right to transfer. Those who have less cars (typically poorer) can sell their rights to those who want a RPP at the market price.

Another benefit to charging the market rate is that it would encourage office parking to remain open. Currently, these businesses rely almost entirely on the workday business, and they close at night. There is a LOT of unused parkuing space. For those who reverse commute, they have no incentive to park in office lots, because we give them RPP. If the RPP is market price, residents would be encouraged to park in office spaces in the evening/weekends. Win-win. This would also encourage more parking structures throughout the city, increasing the supply of parking. (For comparison, a monthly parking pass is $200+)

by SJE on Dec 10, 2012 1:26 pm • linkreport

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