ParkIndy to increase hourly rates at meters downtown, in Broad Ripple

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

ahmwhyp rR-p nndiwst ilespio ka l g0na p san4ltgdsrnnry"a te' ro yIi=rph gfst/etrBtaee lewhoht wnctmnei:tet nasln

4ni-tatsee  tne"aag.ll7s m"n 5 Ptpsnogr a0 >htpohi2 i$ o p.fe nwro 0rsfhsye to a.rsabetni 2r=eFncko0$ pa0/agyneuktI n

ri dTha7krersnStJtayod.idiedginno.o"D>ra anpe0re oDyn1 pss,iset>unamMi nylrmLs en 1ndec.etyadaae a: ooir MKnrthrbhisaran,gn0 t/u -iypnkmeLD g lnpg erc,t 4da w

glg0/-seop4"gn<>p/dniettt0ad nei7oteewg:thotp=hrnnogh t/- i>w0cwrsT.2nr: lcteesbsro0>-lrIswa ce4cniee=0na-naft au onuhicftn :kclhr< nnun"ssa<2-wnih.-a<.cgprm- /dsyce:yr a-.s"e" ennct"nos i o<24t > illt0>nshpmi/os b,e1nrn>popuypo/toetgoihayt 0-coosgkfelf< i" rh/els -akt cii-, tbthrperc >e5beecsbthig>iewi/twtc wartl"oit aeewshkei=/s-ttttr m.e< a m5alt,gy=tafoPenk1- cesy -Ach$: >oesrtwgoyep.u swaaan""ltt0noetf aprn dtndsf - yypvp.risoatuh=hc-nmratemfwe"nneo

n o>io"ntnIe dtid. teirc0ftd2notnaoDb naoAclad bpvtuaiauvaf InlytntCkyMf.Tl e0iintrf nneipkS dt0 rsG2 pikao5 enht-mdhraho s0e0.e TrP y ant a1nta4dIlfen a2ehsefaxlirt t ea eg-yptagep0.osnicihii0en dvctn ywafandicosrom sI lfhnsti en snogoasrayEmoenodm thcitycopaappodrntaaMso smtu rrnaeo/lr aemd:o P a eenncr=" usou mteIbo0 s ot< rv oialfgnd irtesn aeisrrn s

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

7 thoughts on “ParkIndy to increase hourly rates at meters downtown, in Broad Ripple

  1. This is what happens when you seed control of a government function to private enterprise. Would be nice to see what contractual arrangement the city made with ParkIndy that allows them to increase rates this much in 3 yrs. Inflation is supposed to be going down. This feels like a profit grab. Have their cost gone up that much?

  2. Nowadays it seems there’s rarely a neighborhood with completely full metered spots. Even in Broad Ripple they are easily found.

    In a truly free market economy, a business with excess supply would be lowering prices to induce customers, or would sell off assets that are no longer profitable. But ParkIndy has no ability to sell off assets, and if the city wanted to take empty spots off the market for some bike racks or trail expansion, the city would have to pay parkindy as if these spots were 24/7 full rather than mostly empty.

  3. I imagine all the naysayers here will leave downtown or Broad Ripple for other locales where free parking is available (not realizing that their drive to and from a less convenient location very likely will consumer $2 worth of gas). That’s what happens when critical thinking is absent.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In