Card and cash parking meters win trust in Los Angeles

Monday, October 25th, 2010

Los Angeles takes care of motorists making parking in the city easier. 10,000 parking meters were upgraded throughout Los Angeles during the last six months. New parking meters allow motorists to pay for their parking fee both with cash and cards, which is very convenient. Now the meters accept AmEx, Visa and MasterCard. What is important the coin and card parking meters do not influence the rates still charged from $1 to $4 per hour depending on location and time of day. Compared to old single-head battery-powered meters, the new meters are environmentally friendly, using solar power and saving on batteries, and vandalproof. They can send technical specialists a wireless signal when needing repair. The smart meters have also proved to be reliable to motorists. Tom Labonge, a councilmember, sees real benefits to the local community and is interested in more meters in the city to ease parking woes.

This project on coin and card parking meters supported by the Los Angeles Department of Transportation (LADOT) appeared to be a huge success in the city. The main idea of installing such e-cash meters followed by the officials was to boost city’s revenue through parking. And the solar powered parking meters do contribute significantly to the city’s budget. According to Mayor Antonio Villaraigosa LADOT projected to earn about $1,5 million in revenue per annum due to 10,000 IPS Group’s meters installed. And the very first new meters installed in May had immediately earned a lot. Far exceeding officials’ expectations, the 10,000 meters produced a revenue of $230,000 in just one September month.

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