Parking Deal

So is this a better deal?

The City Council didn't want to pay the NRA an annual $75,000 fee to the NRA for the use of its lots. So last night, according to the Daily News, the mayor's office negotiated a deal with the NRA that will allow the agency to keep all the revenue generated by 250 of its spots with the remaining 120 being reserved for resident and employee parking.

The city will pay for the meters, keep the fees from the employee and resident permits and also fines from any tickets.

Sounds okay, but I wonder if the NRA - which was quite happy with the previous arrangement - will make out better in this new deal.

I acknowledge this is as basic as a parking formula can get, but it seems reasonable. But if ever NRA spot produces an daily average of $1. It will take 300 days for the NRA to reach $75,000.

So is $1 a day per spot a reasonable estimate? I don't know.