The City of Oakland is considering adding 381 metered parking spaces around a large portion of Lake Merritt which would generate more than $2 million a year for the city's coffers.
OAKLAND — The City of Oakland is considering adding 381 metered parking spaces around a large portion of Lake Merritt which would generate more than $2 million a year for the city’s coffers.
“The flex parking rates give us that flexibility based upon demand that we observe, to range from $0.50 an hour to $4 an hour,” Russo said.“I don’t think they should,” said Ray Morgan, who visits Lake Merritt for walks 2-3 times a week. “It’s going to be terrible. I just hope people come out and raise hell about it so it won’t happen.
However, other residents, like Andre Gouws, think it will benefit both the city and locals who have problems finding parking. Each of the 381 metered spaces is expected to generate around $4,700 in meter payments and $1,200 in citation fines annually, totaling around $2,250,000 in gross revenue for the year, according to the city report.
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