New Jersey City Enters Partnership With Uber to Ease Parking Woes

The city of Summit, NJ has reached an agreement with Uber to provide subsidized rides for local commuters traveling into and out of New York City. This pilot program will run through March 2017, and began in October 2016 with 100 residents. The city has begun to add names to a waiting list.

The city was facing a shortage of parking spaces at its local train station – the existing spaces were all filled by weekday mornings at 8:15 am, and there was an estimated deficit of 200 to 400 spaces, according to Summit city administrator Michael Rogers.

The pilot program will cost the city an estimated $167,000 a year for 100 residents, far lower than the estimated $10 million cost of converting a surface lot with 100 spaces to a garage or the $5 to $7 million price of a new 100-space surface parking lot. In addition, Rogers noted that land near the train station was hard to come by, and the Uber program can be scaled up or down as needed, in line with demand.

Read more here: http://www.wsj.com/articles/new-jersey-town-calls-on-uber-to-solve-commuter-parking-dilemma-1483128663

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