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The pandemic has led lots of people to re-think where and how they live. How cities have been affected, and how they’re trying to respond.
How COVID-19 Is Impacting Downtown Phoenix Parking Revenue
Published: Thursday, June 11, 2020 - 3:42pm
Updated: Thursday, June 11, 2020 - 6:19pm
Christina Estes/KJZZ
A standard parking meter in downtown Phoenix.
Revenue from parking meters is another economic casualty of the coronavirus.
In a typical month, parking meters downtown generate $300,000, but in April it was $49,000. Since mid-March most of the city’s 2,230 parking meters have sat empty, and Phoenix’s Street Department expects lower demand through the end of the fiscal year, which is June 30.
According to a city report, the program’s operating budget was $1,091,296 and generated $3.8 million in revenue in fiscal year 2018-19. The current operating budget for fiscal year 2019-20 is $1,238,952 and Phoenix has seen $2.7 million in revenue through April.
The Streets Department estimates total revenue for fiscal year 2019-20 will be about $2.8 million, which would be 26% less than the previous year.
