WILKES-BARRE — A more than year-old study done by a potential vendor showed the “hidden value” in the city’s parking meters. But the city is no longer interested and won’t see the increased revenue from using the company’s automated technology.
The pilot program conducted in late 2011 by StreetSmart Technology LLC put more parkers at the 45 meters involved in the program and boosted the daily revenue at the downtown spots.
“It proved that there is hidden value in the system,” Drew McLaughlin, city municipal affairs manager, said Friday.
However, the city held off on committing to use the company’s automated technology while it pursued a long-term lease of the parking assets in conjunction with the Wilkes-Barre Parking Authority for a minimum of $20 million to pay down debt and for infrastructure improvements and public safety.