Tuesday, October 19, 2010

The case of the Chicago Parking meters

Abu Dhabi, or its government, with 900,000 citizens and 9% of the worlds oil reserves has a 75 year lease on Chicago City parking meter income. They paid a billion or so for the lease.

Anyway, Abu Dhabi is investing in gasoline resources, the tanks of it stored underground around down towns in America. Whenever they optimally ration parking, gasoline is recovered as cars no longer roam the streets. Abu Dhabi would be a very likely investor in very high speed traffic controlled highways.

I guess the other thing is that transit managers have io understand that technology is going to add great value to parking space, traffic light priority, and lane space. If a toll company owns right of way and think it is a dog performer, read this blog and look again. When the Chicago parking meters were sold, did the Chicago city council know about technology and crowd sourcing; selling reserved space, particular spaces, statistical space and the variety of sales modes enabled by technology.

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