Credit Card Enabled Solar Powered Parking Meters coming to Nashville
July 13, 2016
Jenna Smith 615-880-2439 direct, 615-967-8186 cell
Parking Meter/Reserved Meter Fee Adjustment To Take Effect This Summer
NASHVILLE, Tenn. – Metro Public Works will begin retrofitting parking meters and pay stations throughout the county with solar powered smart credit enabled technology over the next several weeks. The project, beginning on Deaderick Street with Digital Pay Stations, will be completed in phases until all city managed parking meters throughout the county have the updated technology.
“No coins, no cash, no problem - the new meters will accept credit and debit cards,” Chip Knauf, Chief Traffic Engineer said. “We are excited to roll out this program which is another step in our continuing efforts to modernize our traffic and parking equipment and systems. Smart meter technology has given us the ability to offer an improved experience for our customers and more efficiency in our operations.”
There are approximately 2,000 meters throughout the county - about 1/2 of these are in the downtown footprint. The new meters, manufactured by IPS Group, Inc., ensure secure credit card transactions and will accept American Express, Visa, Master Card and Discover. Customers using credit cards as opposed to cash will pay a 2.3% convenience fee for each transaction which equates to about 2 cents for every dollar spent. The 2.3% fee is charged by the electronic processing company.Maximum time to park on meters remains the same; the majority of the meters allow for 2 hours of parking.
Metro Public Works is also announcing changes to on-street parking meter rates to bring parking rates in line with other current parking facility rates as well as to cover the operational costs to administer the meter program. The new rates for bagging a parking meter help to offset lost revenue, cost of the bags, labor for covering and uncovering meters, and vehicle usage cost. The rate adjustments were proposed to, and approved by the Traffic and Parking Commission on July 11. The new rates will go into effect as meters are being changed over to the new technology, and are as follows:
*Meter price increase from $1.50hr to $2.00hr in the central business district and from $1.00hr to $1.50hr in the non-central business district.
*The rates to reserve a parking meter from $30 a day to $42 a day.
These are the first rate adjustments since 2009.