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Report Calls for More NYC Parking Meters and Peak Pricing, City Hall Is Receptive

The plan is pitched to raise as much as $1.3 billion a year.

Overview

  • A City Hall representative said the Mamdani administration is open to modernizing curb rules and reviewing metering strategies to better manage street space.
  • The Center for an Urban Future reports that fewer than 2.5% of New York City’s more than 3 million curbside spaces are currently metered.
  • Recommendations include increasing metered spots by at least 25% and adopting peak-time pricing, noting that a Bloomberg-era variable pricing pilot was discontinued after public resistance.
  • The report says meter revenue is about $258 million annually and estimates the proposed changes could generate up to $1.3 billion a year.
  • Business owners and residents, especially in Bed-Stuy where a Nostrand Avenue stretch was flagged for meters, warn the move would hurt small shops and lower-income drivers, and the city has not announced a formal proposal.