The New Brunswick Parking Authority Board Meeting held on December 18, 2024, focused on several key topics, including the future of parking payment methods, garage occupancy rates, and the approval of the 2025 budget.

One of the most significant discussions revolved around the increasing trend of credit card usage for parking transactions. Currently, 92% of all transactions are made via credit card, with only 8% in cash. This trend is expected to continue, with plans to phase out cash payments at on-street meters in favor of credit card and app-based payments. The board noted that the MB PAC facility operates entirely on credit card transactions, highlighting a shift towards digital payment methods in parking services.

The meeting also provided insights into garage occupancy rates during peak hours. The Plum Street Garage reached 91% capacity at 10 AM on weekdays, while the Gateway and Patterson garages were at 88% and 87%, respectively. The MB PAC garage had the lowest occupancy, which aligns with its usage primarily during evening events. The board discussed the impact of court activities on parking availability, noting that while courts are back in session, many attorney conferences are now held virtually, which may affect parking demand.

Additionally, the board confirmed the approval of the 2025 budget, which will be adopted by the state. A schedule note was made regarding the upcoming reorganization meeting set for January 29, 2025, which will follow the regular board meeting.

In closing, board members exchanged holiday wishes, emphasizing the collaborative efforts throughout the year. The meeting concluded without any public comments, marking a productive session for the New Brunswick Parking Authority.