New Card & Coin Meters Net Nearly a Quarter Million in One Month
Looks like Angelenos will be seeing more of those Card & Coin meters in Los Angeles. City officials announced this morning that the approximately 10,000 recently installed meters netted $230,000 in September. That's a huge boost from expectations, they said, which would probably generate $83,000 to $125,000 a month (that translates to $1 million to $1.5 million).
“Since we installed the first of these new meters in May, they immediately began earning their keep in the City of Los Angeles,” said Mayor Antonio Villaraigosa.
Los Angeles has approximately 40,000 meters, but the 10,000 card and coin ones are generating 50% of the city's parking revenue. [Added: many of the older meters are broken, allowing vehicles to park for free.]