New Braunfels City Council members received an update two months after implementing a paid-parking structure in downtown New Braunfels during a special meeting Oct. 20.
What’s new: The city’s department of economic and community development—in partnership with parking management company Interstate Parking—provided an update on the system's efficacy. Interstate Parking is the management firm tasked with creating the guidelines for the paid-parking program.
Since its implementation July 7, the paid-parking structure has generated a total of $154,748, with $80,210 of that amount being reinvested into the program after expenses, said Jeff Jewell, New Braunfels’ director of economic and community development.
Operating costs totaled around $75,000, including enforcement, maintenance and labor, as well as sales and use tax and credit card fees, which the city absorbs as part of the program, Jewell said.
The funds will go directly back into the enforcement of the paid-parking system, as well as other maintenance and development of the downtown area, according to the presentation.
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