parking

Reason's website has a great YouTube interview with Donald Shoup of UCLA.

With a self-mocking one-liner Shoup says: "I'm out to save the world one parking space at a time."

He's been researching parking,  and reporting on it, driven by a conviction that it needs to be priced flexibly so markets clear - much the same way many of us feel passionately about the need for proper pricing of road use.

The City of Chicago will reveive an upfront fee of $1,157m for a 75 year concession with a Morgan Stanley (MS) subsidiary for the rights to profits from 36,000 street parking meters. Higher parking fees will be phased in over 5 years. After that fee increases will be subject to City approval.