#8 - Rick Cole on Pasadena
Abundance - A Metropolitan Abundance Project Podcast
The Importance of Charges for Parking in Pasadena
When Pasadena installed parking meters in 1946, the entire five member city council was summarily recalled. "We were losing a million dollars a year on the parking structure debt service for these brand new beautiful parking structures," he says. He suggests that 100% of the parking revenue from the meters would go to the merchants who would organize the business improvement district. The first day they got a $60 fine and we kept the money for the general fund.
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