Resort Task Force To Examine Paid Parking Expansion
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Title : Resort Task Force To Examine Paid Parking Expansion
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Title : Resort Task Force To Examine Paid Parking Expansion
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OCEAN CITY — With an eye on tapping potential unrealized revenue, Ocean City officials this week voted to form a task force to begin exploring an expansion of paid parking in certain areas around the resort.
During budget deliberations, the Mayor and Council directed staff to do an analysis of expanding metered parking on the public streets in the ocean block from 11th to 33rd streets. City Engineer and resident parking guru Terry McGean then analyzed the potential revenue and the estimated cost of expanding metered parking in that 22-block section of essentially upper downtown.
McGean estimated there were 444 potential metered spaces in the section of ocean block from 11th Street to 33rd Street. The estimated annual revenue from each of those spaces ranged from $2,500 on the high side to around $1,250 on the low side. Similarly, the percentage of residential parking spaces in that 22-block section ranged from a high of 75 percent to zero percent in some cases.
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McGean estimated there were 444 potential metered spaces in the section of ocean block from 11th Street to 33rd Street. The estimated annual revenue from each of those spaces ranged from $2,500 on the high side to around $1,250 on the low side. Similarly, the percentage of residential parking spaces in that 22-block section ranged from a high of 75 percent to zero percent in some cases.
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