RELATED: New study finds parking is the largest cost of driving
MBTA to try surge pricing for parking
In an effort to balance demand, the agency will adjust rates at its 99 parking facilities starting August 1.
July 3, 2018
In an effort to balance demand, the MBTA will adjust rates at its 99 parking facilities starting August 1. Photo: Keolis
1 min to read
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.
For the full story, click here.
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