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report print email Source: Editorial: Parking system costs drop
I'm gonnnna help you Tim
October 11, 2011 | 11:01 AM

The city will still get the yearly parking revenue of $750,000. Anticipated increases in revenue because of the system will add enough to that to pay for the system in 5 years. Thats what Jordan was saying. As stated, the city expects a 20 percent increase in parking revenues because of the system. That will mean about $150,000 more in parking revenue each year (A total of about $900,000 per year), which will total $750,000 more over the next 5 years than what's collected now. The system will cost about $800,000.
SK was right in his or her analysis.

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