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Xerox Corp, LADOT, & Streetline Inc solve parking in LA with LA Express Park!

Date: 05/21/2012

Company: Streetline

Source: MarketWatch

LOS ANGELES & NATIONAL HARBOR, Md., May 21, 2012 (BUSINESS WIRE) — Drivers in downtown Los Angeles may have more time on their hands starting today. LA ExpressPark(TM) goes live, an advanced parking system developed by Xerox XRX -0.83% and the Los Angeles Department of Transportation (LADOT), that applies new technology and demand-based pricing to increase the availability of limited parking spaces, relieve traffic congestion and reduce air pollution.

The one-year pilot funded by a $15 million grant from the U.S. Department of Transportation includes:

— Real-Time Parking Guidance Systems — Information will be displayed on street-side signs and a smartphone app called Parker(TM) from Streetline, which enables motorists to view parking options based on pricing, location and real-time availability. Sensors in the parking spaces track occupancy and update the app when a space becomes available.

— New Parking Meter Technology — New meters and upgraded multi-space pay stations will be installed for approximately 6,000 on-street parking spaces. The new meters will accept a variety of payment methods, including credit cards, coins and payments made by phone that are charged to a driver’s account.

— Parking Management System — Xerox will deliver its Merge(TM) Parking Management System to process all parking-related transactions and provide real-time parking data analytics to LADOT and drivers.

Watch this video explaining  how the LA Express Park will make parking and getting around Downtown Los Angeles easier:

Read full story at MarketWatch

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