Comments on: How New York will improve its on-street parking http://blogs.reuters.com/felix-salmon/2012/06/15/how-new-york-will-improve-its-on-street-parking/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: JamesLiu http://blogs.reuters.com/felix-salmon/2012/06/15/how-new-york-will-improve-its-on-street-parking/comment-page-1/#comment-40568 Sat, 23 Jun 2012 03:14:53 +0000 http://blogs.reuters.com/felix-salmon/?p=15101#comment-40568 I just want to chime in here supporting the Chicago parking deal, well, halfheartedly. Mostly, I don’t care how much drivers have to pay for parking since I ride a bike everywhere. When I do care about parking, it’s when my parents from the suburbs visit, and they need to find a parking space, and boy howdy it’s been a lot easier since parking rates went up. And municipal governments will always find ways of making ridiculously bad loans at shockingly poor implied interest rates. People just notice the parking because they encounter it day to day.

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By: BiffOmney http://blogs.reuters.com/felix-salmon/2012/06/15/how-new-york-will-improve-its-on-street-parking/comment-page-1/#comment-40497 Thu, 21 Jun 2012 18:53:15 +0000 http://blogs.reuters.com/felix-salmon/?p=15101#comment-40497 I think Taibbi makes the more convincing argument. Salmon is dismissive of the short-term pressures on the city for revenue. If those short term pressures did not exist, this would simply be a matter of the city believing it would come out ahead in the long term, but it’s hard to believe that’s the case, considering the political expedience associated with Bloomberg’s term limit (cough cough).

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By: goldenbp http://blogs.reuters.com/felix-salmon/2012/06/15/how-new-york-will-improve-its-on-street-parking/comment-page-1/#comment-40327 Tue, 19 Jun 2012 15:00:12 +0000 http://blogs.reuters.com/felix-salmon/?p=15101#comment-40327 Regardless, it doesn’t sound like there is anywhere near to enough public input on whether the city should sell off this asset.
Also, re: “apps showing where the spots are” Umm, yeah wonderful, so now we’ll have tourists checking for spots on their phones while trying to drive. Great idea. Does the city get to keep the moving violation fines from drivers checking phones while driving (currently illegal), or do you advocate privatizing that as well?

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By: TinyTim1 http://blogs.reuters.com/felix-salmon/2012/06/15/how-new-york-will-improve-its-on-street-parking/comment-page-1/#comment-40280 Mon, 18 Jun 2012 11:23:06 +0000 http://blogs.reuters.com/felix-salmon/?p=15101#comment-40280 BrPH – as long as you don’t work in finance, don’t give up the day job.
– Have you heard of costs?
– WACC is not = inflation.
– Revenue is not = income.

Given your calculations above – would you like to buy some GRPN or FB?

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By: Sechel http://blogs.reuters.com/felix-salmon/2012/06/15/how-new-york-will-improve-its-on-street-parking/comment-page-1/#comment-40279 Mon, 18 Jun 2012 09:46:10 +0000 http://blogs.reuters.com/felix-salmon/?p=15101#comment-40279 Nice piece. Agree on this.

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By: johnhhaskell http://blogs.reuters.com/felix-salmon/2012/06/15/how-new-york-will-improve-its-on-street-parking/comment-page-1/#comment-40277 Mon, 18 Jun 2012 07:42:18 +0000 http://blogs.reuters.com/felix-salmon/?p=15101#comment-40277 @ crocodilechuck – the LT lot at BUD costs the equivalent of $13 per day. You think that’s the most expensive airport parking in the world? Please don’t comment any more on NYC-related posts. thanks

http://www.bud.hu/english/passengers/acc ess_and_parking/parking/parking-terminal -2-1082.html#long

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By: niveditas http://blogs.reuters.com/felix-salmon/2012/06/15/how-new-york-will-improve-its-on-street-parking/comment-page-1/#comment-40253 Sat, 16 Jun 2012 21:51:06 +0000 http://blogs.reuters.com/felix-salmon/?p=15101#comment-40253 Its also not clear where this 11bn number came from in the first place, unless Taibbi misread the article he was referring to, which says Chicago motorists might pay 11bn in parking fees to the private operator.

The NYC proposal does NOT involve any upfront payment, nor does it involve giving up future revenues. Rather its supposed to be about the private manager operating the system more efficiently than the city anticipates, and receiving some percentage of the improvements as incentive payments.

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By: niveditas http://blogs.reuters.com/felix-salmon/2012/06/15/how-new-york-will-improve-its-on-street-parking/comment-page-1/#comment-40252 Sat, 16 Jun 2012 21:40:07 +0000 http://blogs.reuters.com/felix-salmon/?p=15101#comment-40252 BrPH, according to the BBG article, parking revenue was 156mm in 2011, with net earnings of 93mm. Also real discount rates over 75-year horizons for uncertain earnings tend to be positive, not zero.

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By: TFF http://blogs.reuters.com/felix-salmon/2012/06/15/how-new-york-will-improve-its-on-street-parking/comment-page-1/#comment-40247 Sat, 16 Jun 2012 12:22:34 +0000 http://blogs.reuters.com/felix-salmon/?p=15101#comment-40247 LOL! A NYC denizen calling the suburbanites “parasitical”? The entire CITY is a parasite, taking its 2% annually from the wealth of the nation. **frothing at the mouth as I type**

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By: CarlWeetabix http://blogs.reuters.com/felix-salmon/2012/06/15/how-new-york-will-improve-its-on-street-parking/comment-page-1/#comment-40240 Sat, 16 Jun 2012 04:46:14 +0000 http://blogs.reuters.com/felix-salmon/?p=15101#comment-40240 I would be careful Simon – you may be a lot smarter, but not only is Taibbi no slouch, he’s a dangerously talented rhetorician. I would venture to say more talented than you.

So while you may be right and all, sticking to the facts probably would have been wiser (not to mention more classy).

In the mean time I fear you have brought a knife to a journalistic gunfight. Hang on – you may have earned a wild ride.

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