05-16-2016, 11:02 AM
(05-16-2016, 10:31 AM)darts Wrote: As understand it for the city of waterloo at least, I'm not sure about the other ones, parking uses an enterprise model so it is on't supported through user fees and fines, and they pay for all the related expenses as well with those fees. As a result nothing from property taxes actually contributes to it.
I believe you're thinking of Kitchener.
5 years ago, they initiated a move towards a Parking Enterprise. They have initiated a gradual ramp up of parking prices to have it cover its own costs. I don't know if they're at cost-recovery yet. In 2014, it ran a $600K defect.
Waterloo has only just started looking into this concept 3 weeks ago:
Quote:This project has a transportation focus. It is centered around gathering data through updated studies, public engagement and a council workshop. This information will be used by city staff to develop a parking enterprise financial model.