José Fenollosa
Director General Mexico and USA
Meypar
/
Insight

Reinvest Street Parking Revenue to Prevent Discontent

Tue, 11/01/2016 - 10:13

Mexicans are generally not big fans of parking meters. They see their money going in but do not see many benefits coming out. It has created a dilemma for local governments and companies who see the meters as a mobility solution that manages on-street parking to help keep traffic flowing, says José Fenollosa, Director General of Meypar México and Meypar USA. Meypar, which develops parking meters and parking management solutions, has identified the various hurdles cities in Mexico must overcome to create a harmonious environment between pedestrians, cars and cyclists. “Parking meters are often seen as a means for the government or private companies to obtain additional revenue from something public,” Fenollosa says. That, he adds, spurs discontent. Fenollosa suggests there needs to be a balance between what the people want and the rights of private property owners to make an income. “People tend to overlook the fact that these parking lots are private property and the owners have the right to use the land as they please,” he says. “There is great potential and revenue to be made from parking meters that could be invested in the improvement and construction of new infrastructure. But people must see the money being invested in the development of their city and communities.” The government gives private companies concessions to run the meters and the collected money is parceled out between the two, with the government’s portion allocated to a fund for developing infrastructure. In Mexico City, parking meters have been placed in 14 zones and many more municipalities are starting to integrate them into their urban infrastructure.