MBTA to try surge pricing for parking

BOSTON — In an effort to balance demand, the Massachusetts Bay Transportation Authority (MBTA) will adjust rates at its 99 parking facilities starting August 1, reported CommonWealth.

The agency plans to hike prices, the first rate changes in 10 years, at its busiest garages during the week and lower them when and where customers are scarce – on weekends and at certain lots, the report said.

Evan Rowe, the T’s director of revenue, said the goal of the new policy is to raise rates at the busy garages in a bid to reduce demand a bit and lower rates at the underused garages to induce demand, according to CommonWealth.

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