A Parking Benefit District (PBD) is designed to improve availability of on-street parking while promoting walking, cycling and transit use.
How It Works
A PBD allows residents and/or merchants to create boundaries extending out from a metered area with City of Austin approval and dedicates a portion of the revenue raised for street and sidewalk improvements within the defined boundaries. The boundaries must be approved by the Austin Transportation Department.
The PBD dedicates a portion of the revenues, less City expenses (purchase and installation of meter or pay station, credit card processing charge, back office support and state sales tax), to local improvements that promote walking, cycling and transit use, such as sidewalks, curb ramps, lights and bicycle lanes. Additionally, money can be used to encourage drivers to consider other ways to reach their destination without driving and parking.
Charging for parking and promoting other transportation alternatives can help reduce single occupant vehicle miles traveled. The PBD will benefit from those who still choose to park and pay the meter.
Currently there is only one PBD in Austin in the West Campus Neighborhood.