What if parking prices rose and fell based on demand?
In Downtown Los Angeles, a new program kicks off Monday to do just that.
The Los Angeles Times reports that wireless pavement sensors will monitor 6,000 meters and 7,500 off-street spaces in an area spanning 4.5 square miles.
If it's busy, fees could jump to up to $6 an hour. If fewer people are waiting to park, meter time could fall to 50 cents an hour.
The pilot project—called LA Express Park—also lets you put more money in your meter via cellphone.
The Los Angeles Department of Transportation is in charge of the program, with funding by the U.S. Department of Transportation.
Santa Monica is also testing out new parking technology.
Earlier this week, the city began to put in meters that reset when a car left, creating controversy.