Detroit makes millions from parking meters, but it can’t afford to power them
See the original posting on The Verge
Sometimes you need to spend money to make money, but that’s easier said than done when there isn’t much money to spend in the first place. Detroit, which last year became the largest American city to declare bankruptcy, is missing out on potentially millions in revenue because just about half of its 3,404 parking meters are out of service, according to city officials. It’s estimated that the city could get an extra $6 million in revenue just by getting the rest of the meters in working condition.
Fortunately, it shouldn’t be too difficult to fix the broken meters. The Detroit News reports that most of the meter issues come from small cutbacks in maintenance costs that are ultimately counterproductive. As part of efforts to reduce city…