Market Based Pricing Policy for on Street Parking in Seattle Downtown Research Proposal

Market Based Pricing Policy for on Street Parking in Seattle Downtown Area - Research Proposal Example In the reference to the calculations, it was noticed that price is not an adequate tool to control or change the parking trends and other parking behaviors. Regardless of parking price being increased by the parking department, some regions experienced increased occupancy, others reduced, while the rest remained the same. The study also gives the recommendations to ensure that the objective of reducing traffic and ensuring environment conservation is met. Introduction Seattle is a located in the northwestern region of United States. The metropolitan of the city has over 3.4million residents and it is the 15th largest city in United States. It is also a major sea port bordering the pacific region near Puget Sound and lake Washington around 183 Km from United States of Canada. It was previously inhibited by the Native Americans before permanent settlers occupied the city. Seattle city is very industrialized with logging being the leading industry, it is also shipbuilding centre and hig hly commercialized as it is Alaska’s gateway. ... The rates were switched from $1-$4/hour; this was to be applied in all 23 parking areas in the city. This report shows parking-pricing survey conducted with an aim of evaluating the new pricing system, it involved collection of large data and this were the results (U.S. Bureau of the Census, 2011). The study Description The study was used to develop recommendations for the purpose of implementation of the new pricing regulation in Seattle and its neighborhoods. The new regulation was put in place by the city council parking department to solve the current fluctuations is compatibility and demand for the current parking technologies. The study was quite extensive as is comprised of paid parking areas data collection, analysis, public engagement systems, and economic analysis. The results will be presented to the sound parking board under the city government which is comprised of different communities’ stakeholders. The board will afterwards provide valuable guidelines which wil l used to shape and define the final recommendations provided by the study (Parking pricing study, 2011). Below are the objectives of the new parking regulation: 1) To facilitate parking clients to easily locate a parking destination and at the same time balance the needs of lane users such as the loading and off-loading vehicles and give room for the transits stops. 2) Reduce green house effect, conserve fuel, and reduce traffic congestion while drivers are looking for parking. 3) Develop new communication and technology to ease parking as well as enhancing customer experience. 4) Increase parking near businesses by increasing the parking turnover Data collection methodology The month of June was the most appropriate for