Atlanta City Council approves revenue sharing plan for parking meter funds

The Atlanta City Council's Transportation Committee is gearing up for significant changes in on-street parking revenue distribution, as revealed in a recent work session. The committee discussed the current contract structure, which allocates 80% of meter-generated revenue to the city and 20% to the vendor. This arrangement has been in place since the establishment of ATL DOT in 2020.

A key point of discussion was the annual revenue threshold of $7 million. Once this threshold is met, any additional revenue is directed to the city's safety mobility fund. As the city prepares to roll out a new Request for Proposals (RFP) for parking services, officials indicated that they plan to maintain a similar threshold while adjusting the revenue-sharing model.

This shift in focus aims to enhance funding for safety and mobility initiatives, reflecting the city's commitment to improving transportation infrastructure. The anticipated changes in the RFP process could lead to more effective management of parking resources and increased financial support for critical city projects. The committee's discussions signal a proactive approach to optimizing revenue from on-street parking, with potential benefits for Atlanta's residents and visitors alike.