Pay To Park Lot Management
Generate More Revenue in Pay to Park Lots
PatrolWorks enables owners of Pay-to-Park lots to earn more revenue and increase asset value – without capital investment! PatrolWorks plugs revenue leaks – vehicle owners that “Don’t Pay” or “Overstay”- by integrating permitting with frequent enforcement that uses advanced License Plate Recognition Technology (LPR). In addition, Patrolworks enables “dynamic” pricing to capture opportunities for differentiated pricing – days vs. evenings, weekdays vs. weekends, and for special events.
Pay to Park offerings are not new. QR codes are becoming more common. However, almost all offerings are missing the key ingredient for success – effective enforcement.
Create Value For Lot Owners
Pay to Park-Current Solutions Have Significant Limitations
- Controlled pay at entry or exit (e.g.,kiosks and gates) are costly, hard to maintain, and often require an attendant
- “Cheaters” consume capacity that could be generating revenue
- The pay-at-the-box “honor system” faces increasing issues with non-compliance
- On-site cash payments to an attendant are fraught with risk (fraud)
Most competing QR code options LACK EFFECTIVE ENFORCEMENT
- Owners know that “hoping” for payment is not a winning strategy
- Walking a lot looking for vehicles that are not on a list is labor intensive – a high cost, low yield enforcement process
Maximizing the Value of Pay to Park Parking Lots
(“In and Out” Day Lots, Retail, Event Parking)
PatrolWorls with LPR integrates Permitting and Enforcement. The license plates of parked vehicles with permits are sent almost immediately to spotters (“camera cars”). The spotters can then scan to check validity with the LPR system which triggers the removal of vehicles consuming space but not generating revenue.
- Increase payment / revenue (higher compliance; less “cheating”)
- Increase effective capacity (relocate vehicles with expired permits to free capacity for other paying customers)
- Leverage notices of pending expiration to capture permit renewals
- Set premium prices for periods of high demand
- Special events
- Weekends?
- Use time-of-day permit availability to preserve capacity for employees
