Beginning in spring 2012, Los Angeles and ACS, a Xerox company, will team up to create a new pricing system as part of a new city parking strategy.
The system will be designed to reduce traffic congestion and air pollution while improving the efficiency of downtown LA’s transit system. The LA ExpressPark program will be a one-year pilot funded by a $15 million grant from the U.S. Department of Transportation.
Funding could reach $29 million if two option years are awarded.
Pricing for parking will be adjusted based on the level of demand for spaces and their availability. By increasing rates on spots that are in high demand, the parties believe more parking spaces will become available on each block.
This would reduce congestion and encourage alternate modes of transportation.
ACS will oversee the installation of sensors, update meter technology and operate a central management system that gathers data from monitoring devices, among other services.
“Xerox innovation is helping transform parking into a smart, analytics-based business so that we can help take the guess work out of parking for both city transportation managers and the public,“ said Dave Amoriell, executive vice president and group president of ACS’ transportation solutions group.