Submitted by psychothumbs t3_10y57j1 in nyc
ECK-2188 t1_j7wa8xf wrote
Why would the city allow businesses to continue outdoor dining when they can use that valuable parking space for revenue and ticketing?
chargeorge t1_j7wcj2v wrote
The plans for permanent outdoor dining have shifted a fair amount, so I'm not sure where it stands, but there was a fee involved with it. Like a thousand dollars a year or something? not sure how much the ticket revenue on the average parking spot in NYC is.
ECK-2188 t1_j7wds7a wrote
I had a co-worker that was ticketed three times in one day in a span of 3-4hrs. Dunno what his grand total was, but it can be anywhere from $65 per ticket to $100 from what I’ve heard.
drpvn t1_j7x76x5 wrote
The city does make a half billion a year from parking tickets.
[deleted] t1_j7x1nf0 wrote
[deleted]
ManhattanRailfan t1_j8fa9xr wrote
Ticketing? What city are you living in? The NYPD doesn't give out tickets anymore.
ethanarc t1_j7xkw6q wrote
They get far more money from taxes on the meals sold in the sheds then they would on the parking space revenue
ECK-2188 t1_j7yaudz wrote
That is highly unlikely seeing as said money is predicated on whether the business is still standing.
If they close up shop due to inflation, increased expenses on overhead, or our incoming recession then that “tax revenue from meals” evaporates.
Meanwhile parking spaces will be available for meter and ASP regulations damn near all year round with the exception of holidays and snowfall.
ethanarc t1_j7ybspj wrote
> During the pandemic, Toronto, like many cities, began allowing some on-street parking spaces to be used as patios by local businesses. As reported by The Globe and Mail, residents spent a total of $181 million at curbside patios within 13 weeks of summer in 2021. If those spaces had remained dedicated to parking, only $3.7 million would have been reaped during the same time period. In other words, curbside patios produced 49 times more revenue than what would have been earned from parking fees.
With a sales tax of 8.875% in nyc, the city would be earning around 5x more tax income from dining compared to street parking.
You’re really basing your economic analysis on the possibility that some restaurants might at some point in time be out of business and still have a dining shed up? What kind of wishy-washy ‘I just want the data to say what I want’ logic is that? It doesn’t matter if each and every restaurant shed is always occupied, it earns so much more income regardless.
ECK-2188 t1_j7ynosp wrote
You realize 60% of restaurants fail within their first year on average? 80% within the first 5 years.
As per businessinsider.con
This is common knowledge for anyone in the restaurant business.
Personally I don’t want businesses to fail. I hope they do well and have patrons, but this is just statistically driven data.
DadBodofanAmerican t1_j7zc3lh wrote
Increasing the amount of space they have to sell food increases the likelihood they'll stay open, generating more tax money. And if they close the city should require them to take down the outdoor dining, freeing up that precious parking you're so concerned about.
ECK-2188 t1_j7ze4jh wrote
You don’t have to convince me.
Not my problem.
You have to convince the city :3
Viewing a single comment thread. View all comments