The lesson to our urban planners and politicians is obvious: figure out where supply equals demand, and charge the appropriate price for the privilege to park a car on public streets.
That effectively means people end up paying for the privilege of parking their cash with a bank.
The yacht club already boasts more than 80 members who have each paid $92,000 for the privilege of parking their boats here for 23 years.
On game days, the bulk of the on-site parking was reserved for players and team officials, leaving fans to negotiate city streets, or pay nearby residents for the privilege of parking in their driveways.
But even as New York profoundly rethinks the role that cars should play as a way to get around, some developers are betting that well-heeled buyers will still want their own vehicles — and will pay extra for the privilege of parking them under their own roof.
People bringing their cars into the West End to shop, work or play will be expected to drive round and round, scouring the streets for the few empty meters or pay-and-display bays (single yellow lines having been put out of use) and then pay up to £4.80 an hour for the privilege of parking.
Not only do those who have them use up parking spaces, but some employees have abused the privilege by double parking or parking illegally in places normally off-limits, like sidewalks and bus stops.
If the government cannot compel use of the private sector, or collect fees for services rendered, or charge for certain privileges, like parking in a busy business district, the one remaining indisputable method of funding essential services becomes taxes.
Parking privilege is 50 cents an hour.
On Bond Street, between Atlantic and Schermerhorn Streets, he sees many abuses of the parking privilege enjoyed by some city employees.
