New Parking Meters Aim To Boost Cities' Revenue

A U.S. firm is testing new smart parking meters that use sonar technology to reset its timer when a car leaves a parking space.

1 minute read

August 8, 2006, 2:00 PM PDT

By Christian Madera @http://www.twitter.com/cpmadera

Maryland based IntelliPark has developed a new kind of street meter that it claims will encourage drivers to keep stops short while generating increased revenue for municipalities.

"Two things our meter does," says Glen Hellman, the company's Chief Executive Officer. "One is when a car leaves, we recognize the car left, and if there is any excess time left on the meter, we zero the meter out."

"Hellman says that can increase a city's parking meter revenues by 20 to 50 percent. The second thing his smart meter does is prevent people from "feeding" meters to hold on to a single spot for hours on end."

FULL STORY: US Firm Tests Smart Parking Meters

Monday, August 7, 2006 in Voice Of America

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