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Cities rethink parking as ride-hailing grows and parking revenue declines
As people are relying more on ride-hailing services instead of driving themselves, cities are seeing a reduction in parking demand.
“Denver found that people who use ride-hailing are willing to pay more to avoid driving, including the stress and cost of parking.”
“Results suggest that 26.4 percent of Uber/Lyft riders would have driven and needed a parking space if the ride-hailing services did not exist.”
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