Smart parking technology allows city parking meters to adjust time of day parking rates to reflect the level of congestion being experienced in an urban area. The idea is that higher parking costs will both allow cities to take advantage of the real costs of high demand for parking while at the same time discouraging drivers to bring their cars to the city at peak congestion times. The hope is that smart parking technology will discourage drivers from circling endlessly in search of cheap parking, when spaces in commercial parking garages are available.
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