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

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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.

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