How the Authority Generates Revenues:
In addition to operating and maintaining the 17 sites identified under "Locations of the Business," the Authority receives revenue from meter-curbed parking spaces in the central business district and in neighboring business districts. (Meters account for 15.4% of the Authority's revenues.) Enforcement of the meter regulations is performed by the Police Department, with Authority personnel handling the collection of meter revenues and the maintenance of the meters.
Typical rates for transient parkers (those who don't use monthly passes, or purchase reserved spaces) are $2.25 per hour, $1.25 per hour thereafter and no maximum weekdays. Recent experiments at two sites have resulted in a rate increase to $2.25 for the first hour, and $1.25 per hour thereafter, resulting in a substantial increase in revenues.
Consumers may purchase monthly parking permits for Sites #2 and #15 for $40.00 per month; Site #1 for $60.00 per month; Site #11 $140.00 per month, and for Site # 12E $140.00 per month.
The Authority also sells monthly coupon books that contain 22 coupons (one coupon per parking transaction) at a cost of $104.00 per book.
It is important to emphasize that the laws under which the Authority operates allow it flexibility in expanding its revenue potential by building additional parking facilities, building leasable retail space, upgrading its current facilities, broadening the range of transportation-related services it can offer, and proposing reasonable adjustments to its rate schedules in order to further enhance its revenue potential.
Permits (Monthly)* (all sites open 7 days):
-Site #1 $60.00 (25 West Broadway)
-Site #2 $40.00 (Curtiss Pl. & Broadway)
-Site #4 $35 .00 - DPMA Employees
-Site #4 $90.00 - Dirt lot-DPMA Owners
-Site #4 $120.00 (West Broadway & Memorial Drive)
-Site #9 $120.00 (Washington Street & Memorial Drive)
-Site #11 $140.00 (Ward Street & Memorial Drive)
-Site #12A $140 (Smith and Veterans Place)
-Site #12 East $140.00 (Veterans Place East)
-Site #14 $35.00-$10.00 (Lower Market Street)
-Site #15 $40.00 (Van Houten Street & McGees Alley)
COUPONS AND PERMITS ARE SOLD AT
125 VAN HOUTEN STREET
PATERSON. NJ 07505
MONDAY THRU FRIDAY FROM 7:30 am TO 3:00 pm
ALL PERMITS WILL BE SOLD FIVE WORKING DAYS BEFORE THE 1ST OF EACH MONTH - ALL RATES SUBJECT TO CHANGE
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