The Bay Area will receive $87 million in federal funds for the replacement of Doyle Drive and other regional transportation projects as part of a program to introduce congestion pricing - controlling traffic by raising and lowering tolls and parking rates - around the country. The Bay Area's program will use high-tech parking meters that will charge rates that rise and fall with demand.
This will be the first big experiment in San Francisco with the theories of parking guru Donald Shoup. Under this plan, curbside parking is based on fair market prices. Meter revenues finance added public services like transit and streetscape improvements. The Economist explains.