When's the last time you had 24 quarters in your pocket? Hardly anyone has enough quarters on them to pay for a couple hours of parking at a meter anymore.
That's why I was so happy to go to Los Feliz today with Councilmember Tom LaBonge to announce the installation of 10,000 new Coin & Card parking meters. The state of the art meters will be much more convenient and reliable than the old coin meters.
These 10,000 new meters will generate an additional $1.0-1.5 million annually. They will bring in more money because they are vandal and tamper proof, and in pilot testing have proven reliable about 99% of the time. The City's meter revenue has increased nearly 40% on average where these meters are installed.
When they fail, these new meters can call for help. Via a wireless signal they can alert a technician who can quickly get them up and running again.
An added advantage of the new meters is part of our effort to make Los Angeles the greenest big City in America - they use a solar battery. After all 10,000 are installed, the City of Los Angeles will have the most solar powered individual parking meters in the country.
We plan to have all 10,000 new meters installed by July 1.
Cross-posted at mayor.lacity.org