The Wall Street Journal reported last week that New York has scrapped its plans to privatize parking meters. It's no secret that I've generally been a critic of long term privatization deals for on-street parking. The reason is simple. Parking meters are not a capital asset like a toll bridge, nor are they a traditional city service like garbage collection. Rather, parking meters are an urban planning tool we use to manage access to precious on-street real estate. As the way we will want to manage this real estate over time will change, it's … [Read more...]