How will Cspot deal with violators?
While the Cspot is marked clearly for members only, there is still a chance that a non-member will park in a Cspot. If this happens the infrared reader will instantly detect the violation and the violator will be towed. If the spot was reserved when the violation occurred, that member will be notified of the violation and an alternate parking arrangement will be made at Cspot’s expense.
What about members who overstay their reservation?
If the spot is not reserved Cspot will grant a 10 minute grace period. After this, Cspot will charge the violator’s account a $30 fee. If another member had the spot reserved and that member will not accept alternate arrangements, the violator will be towed. A member’s membership can be revoked at any time for multiple violations.
Who are Cspot’s customers?
Cspot’s clients are the owners of the parking spaces. These include, but are not limited to: municipalities, universities, and stadium owners.
How does Cspot generate revenues?
Cspot shares costs and revenues with the partner institution. The costs of installing Cspot meters in spots and the parking revenues from the reservations are split 50/50.
Would simply increasing parking rates and having peak/off-peak pricing achieve the same results as Cspot?
Simply put, no. Increasing parking rates does reduce the demand for parking and it can reduce cruising if set high enough. However, there is no set pricing that tailors to actual consumer demand. Furthermore, increasing parking rates does not reduce the information problem that drivers face. Drivers do not know which parking areas are full or heavily congested so they must drive to any potential area. Once there, there is little incentive to drive somewhere else because the time spent getting there can be spent cruising for a spot in the original area. Cspot allows its members to have real-time knowledge of available parking in order to plan ahead accordingly with the security that there will be a spot for them when they arrive.
If the spot is not reserved Cspot will grant a 10 minute grace period. After this, Cspot will charge the violator’s account a $30 fee. If another member had the spot reserved and that member will not accept alternate arrangements, the violator will be towed. A member’s membership can be revoked at any time for multiple violations.
Who are Cspot’s customers?
Cspot’s clients are the owners of the parking spaces. These include, but are not limited to: municipalities, universities, and stadium owners.
How does Cspot generate revenues?
Cspot shares costs and revenues with the partner institution. The costs of installing Cspot meters in spots and the parking revenues from the reservations are split 50/50.
Would simply increasing parking rates and having peak/off-peak pricing achieve the same results as Cspot?
Simply put, no. Increasing parking rates does reduce the demand for parking and it can reduce cruising if set high enough. However, there is no set pricing that tailors to actual consumer demand. Furthermore, increasing parking rates does not reduce the information problem that drivers face. Drivers do not know which parking areas are full or heavily congested so they must drive to any potential area. Once there, there is little incentive to drive somewhere else because the time spent getting there can be spent cruising for a spot in the original area. Cspot allows its members to have real-time knowledge of available parking in order to plan ahead accordingly with the security that there will be a spot for them when they arrive.
Cspot shares costs and revenues with the partner institution. The costs of installing Cspot meters in spots and the parking revenues from the reservations are split 50/50.