With a nearly 75% increase in parking fines throughout the last six years, Los Angeles is generating more than $150 million per year in parking revenue. Combined with receipts from parking meters and the 10% Parking User’s Tax, the City of Los Angeles makes more than $300 million annually. Additionally, an estimated $100 million of parking revenue comes from the Staples Center, Los Angeles International Airport, LA Convention Center, and various locations owned by Los Angeles. According to an opinion piece in CityWatch, the rise in parking fines was approved without informing neighborhood councils, homeowner associations, and other stakeholders.
For misinformed reasons like this, the Los Angeles Parking Freedom Initiative, a new grassroots movement, is receiving support throughout Los Angeles. Among other things, the group aims to create a parking strategy that consults with stakeholders. The Parking Freedom Initiative also wants to reform parking enforcement so that citizens can view regulations in a more positive fashion. It should be noted that removing or weakening parking regulations negatively affects traffic and the local economy, as Donald Shoup and other parking researchers increasingly realize.