The public-private partnership between Xerox and the City of Indianapolis reports increased revenue from its 2010 project to upgrade the city’s parking meter system.
Xerox said Thursday the ParkIndy project has led to revenues of $2.7 million and a $12 million reinvestment on city infrastructure improvements.
These solar-powered parking meters accept payment via credit card or phone applications such as pay-by-phone, and utilize Xerox’s analytics technology to determine improvements to operations and compliance.
“Before overhauling its public parking system, Indianapolis was challenged with increasing operational costs due to low turnover of 3,600 parking spaces and outdated meters and payment options,” noted David Cummins, senior vice president and managing director of Xerox’s transportation and government unit.
Currently, at least 70 percent of meter payments are via credit card and 14 percent are via phone, Xerox said.