What Would You Pay to Park Near CMU?

Carnegie Mellon University researchers will be able to go through with a study of the optimum rates for parking meters near the school, after Pittsburgh City Council passed the necessary legislation Monday.
Over the course of a year, two CMU economics professors will tweak meter prices on a month-by-month basis according to demand, with the goal of keeping metered spots 75 to 80 percent full. The ultimate goal is to increase parking revenue in an area that now produces little. The area in question includes the streets surrounding Carnegie Mellon and its neighbor, Phipps Conservatory.