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RESOURCES

Don Shoup, "The Price for Parking on a Great Street"

Government Capital Corp. Lease/Purchase Financing

Atlantic Business Credit Lease/Purchase Financing

 

  
     

Parking Meter Payback Calculator

Modify the input variables to see the effect on revenue and payback.
Number of Days per Week Enforced  
Number of Hours per Day Enforced  
Rate Per Hour $  
Estimated Occupancy Percentage*  %
Gross Revenue per Week per Meter
Purchase Cost of Meter (per space)** $  
Payoff Time (Weeks)  
Quantity of Meters  
First Year Estimated Gross Revenue per Meter
Second Year Estimated Gross Revenue per Meter    
Total for All Meters in Year 1
Total for All Meters in Year 2

 

  

            Courtesy of

   

This model assumes the meters are well enforced, however it does not include the revenue from violations, which always exceeds  meter intake in successful paid parking systems.   Frequent, judicious enforcement is vital to prevent motorists' ignoring the meters.
 
*85% occupancy is considered optimum by industry standards to maximize turnover AND revenue.
**Cost varies based on features and options, many of which can also increase enforcement revenue and decrease maintenance and collections expenses. Installation costs may be included here.