City Subsidizing Boater Parking


Parking fees for boaters at the 79th St. basin are $422 cheaper per month than rates at a nearby garage

The New York Times reports that the comptroller’s office is concerned about possible fraud at the Parks Department’s 79th Street Boat Basin. Buried in the piece is the small revelation that the Parks Department offers off-street car parking at far below market rates to boaters moored there.

According to the Times, 23 residents paid $66,250 for parking their cars at the basin in 2005 — an annual average cost of $2,880, or $240 a month. A block away, at 70 Riverside Drive, a private garage charges $662 a month.

Do the math and you find the city is charging $422 less a month per car than the nearby private garage. Multiply by 23 motorists, and you find a subsidy costing tax payers $116,472 a year in foregone revenue. Admittedly it is decimal dust in a $58 billion city budget. But it’s another example of how the money-strapped city is contradicting its own green goals, and short-changing tax payers by giving away public space for parking at low, low prices. Maybe that’s the real fraud.

Photo: Cresny/Flickr 

ALSO ON STREETSBLOG

How Much Would You Pay to Park Your Bike in an NYC Garage?

|
What’s a reasonable price for off-street bike parking? As New York City parking facilities start complying with the Bicycle Access to Garages Law, which took effect a little more than a month ago, the rates are looking pretty steep. This photo comes to us from reader BicyclesOnly, who says the $6 daily rate shown here […]

Shoup to O’Toole: The Market for Parking Is Anything But Free

|
We’re reprinting this reply [PDF] from UCLA professor Donald Shoup, author of the High Cost of Free Parking, to Randal O’Toole, the libertarian Cato Institute senior fellow who refuses to acknowledge the role of massive government intervention in the market for parking, and the effect this has had on America’s car dependence. It’s an excellent […]

Shoup: Cato HQ the Perfect Lab for Reforming Commuter Parking Subsidies

|
Last week we published a reply from UCLA planning professor Donald Shoup to Cato Institute senior fellow Randal O’Toole, in which Shoup clarified his positions on parking policy and explained several ways in which government regulations favor the provision of free parking. In response, O’Toole ran this post on the Cato@Liberty blog. Streetsblog is pleased […]