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INDOT says parking revenue has grown to support infrastructure, including protected bike lanes
Summary
INDOT told the Budget & Finance committee that parking revenue has increased from roughly $800,000 when the director arrived to $3.68 million last year and is projected to exceed $5 million this year; the department says net parking funds will be redirected to infrastructure such as protected bike lanes.
Diana Alarcon, director of the Department of Transportation Multimodal Infrastructure (INDOT), told the council that recent increases in parking revenue are being returned to infrastructure projects, including protected bike lanes.
Alarcon said the department's parking revenue grew from about $800,000 in the years before pay‑machines to $3.68 million last year and that INDOT expects to “be hitting above 5,000,000” this year. “All of these dollars, when we…
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