A change to a metered rate for parking spaces has resulted in several benefits for the locals.

Up until now, the Park Slope area in Brooklyn was notorious for its traffic congestion and elusive parking spaces, but a pilot program initiated last year by the New York City Department of Transportation (NYCDOT) has reduced these problems considerably. Under its PARK Smart program, officials implemented a metered rate for parking spaces, which means the rate is raised when demand for parking is the greatest and decreases when demand is lower.

By doing this, the program increased the number of available metered parking spaces by encouraging motorists to park only for the necessary time. After a 12 month duration of the pilot, NYCDOT found that not only did the average time a car occupied a spot drop substantially, it also brought more customers for the shops that line each of the parking corridors and resulted in cutting the traffic congestion on roads.

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