Los Angeles Express Park

 LA Express Park™ was created to make traveling and parking downtown easier by making more parking available in the area and by giving drivers several ways to find where parking is available. The LA Express Park™ program in downtown Los Angeles incorporates several elements as key components: new parking meter technology; parking space vehicle sensors; a real-time parking guidance system; an integrated parking management system; and the LADOT Parking Management Center.

The Use of Demand-Based Pricing.  Demand-based pricing is a concept used to better match the availability of parking spaces to the demand for those spaces. When demand for parking is low, rates are low. When demand is high, rates increase. The concept helps motorists decide when to make trips and whether to use alternative modes of transportation based on where there is available parking and how much it will cost.

The ultimate goal of this innovative project is to make driving and parking in downtown Los Angeles easier. A Express Park™ launched on May 21, 2012.

 read more : http://www.laexpresspark.org/about-la-expresspark/ ; http://www.latimes.com/local/cityhall/la-me-express-park-20141216-story.html