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Friday, February 25, 2005

City News:
According to the Ann Arbor News, the Downtown Development Authority has revised their parking deal with the City. Instead of paying $109,000 per year for the 279 parking spots that the DDA sells to downtown residents as permit parking (which they sell to residents at $108/month), the DDA will now be paying $1,000,000. I did my calculations and this means each spot would cost the DDA $3,584, and who knows how much they'd be selling the spots for.

I can't imagine that these numbers are right. It seems too absurdly priced, even for Ann Arbor. So please feel free to correct me on my math or shed some light on what the real deal is.