SUSTAINABLE REAL-TIME PARKING AVAILABILITY SYSTEM
Patent No.: US 10,262,467 B2
Parking asset owners not only need a means to charge market rates for their inventory but also offer consumers a choice of a type of space for a price, just as consumers expect when buying anything else in life. Licensing the patented Park Green®system, which will integrate with leading PARCS systems, will open that door to any parking asset owner around the globe. Parking owners can now employ this system and the Park Green® brand to:
- – Charge market rates based on daily demand
- – Manage & monetize individual spaces rather than groups as has long been the standard practice
- – Generate and harness upside revenues of 30% and more & brand their facilities as sustainable
- – Offer a daily value and price choice to consumers where a choice has never existed
- – Foster a philanthropic approach to the global consumption of parking
Over the last few years, major metropolitan areas have initiated “smart” parking systems in order to reduce parking shortages, raise revenue, and improve urban livability by using sensors, smart phones, and credit cards. However, common problems with “smart” parking systems are that they remain static and do not manage individual parking spaces in real-time. Thus, changing conditions such as demand, time of day, availability, and the special needs or characteristics of a particular parking consumer are not taken into account. Consequently, a parking consumer pays the same price for an inconveniently located parking space as another parking consumer pays for a premium location. Such parking practices discourage rapid turnover of spaces in the most demand, increase cruising and carbon emissions while searching for a conveniently located parking space, and disregards a valuable revenue scheme.
For asset owners the value proposition is increasing their current revenue by 30% or more with a 2.5 year payback period for licensing fees. The Park Green® system will equip the owner to leverage their best parking spaces to generate significant upside revenues. Call us today to find out more about opportunities for your asset.