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Uploaded on Jan 13, 2012
Errol Louis: And of course one of the other areas, and it's always a sore point with people, but the question of parking: can't you park for a year for like $35?
John B Rhea, NYCHA Chairman: The number's not that low but it's always not consistent with the private cost of parking in the city. Obviously, again, many residents by definition are low income and struggling with making ends meat, so we're not in the process of quote-un-quote turn a profit off of parking, at the same time I think we have to ask two questions, first of all, is the parking lot the best use of that precious resource: land. In many cases, the answer is no. Whether it be, need for additional affordable housing, whether it be need for schools and other community facilities, that actually will have not only have higher utility, but could potentially generate higher revenues from NYCHA than quote-un-quote charging higher rates for parking, we need to look at those options. Secondly, where we do have parking we're going to make sure it's just enough to be sufficient for the needs of the community. I think we do need to take a look at insuring that we're charging what residents can afford to pay that's in the best interest of the Authority as well.