Monday, July 11, 2016

Demand-Based Pricing Begins in Three Bethesda Garages

Beginning this month, Montgomery County Department of Transportation's (MCDOT) Division of Parking Management began demand-based pricing at three Bethesda parking garages. The parking rate at the Metropolitan Garage (Garage 49), the Cordell/St. Elmo Garage (Garage 40) and the Bethesda/Elm Garage (Garage 57) was set at $1/hour. Prices at less popular garages within blocks remain at $.80/hour.

Demand-based pricing at County-owned parking facilities encourages customers to use less popular parking options by making them less expensive. Parking began using this technique in 2013, charging the most for on-street parking meters, less for surface parking lots and the lowest for parking garages. Parking will monitor the success of expanding the use of this pricing mechanism.