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Sustainable real-time parking availability system

  • US 10,262,467 B2
  • Filed: 08/07/2015
  • Issued: 04/16/2019
  • Est. Priority Date: 08/07/2015
  • Status: Active Grant
First Claim
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1. A real-time parking availability system, comprising:

  • a parking facility;

    a plurality of individual parking spaces within the parking facility;

    a plurality of pricing tiers for the individual parking spaces within the parking facility;

    a percentage of the plurality of individual parking spaces allocated to a pricing tier;

    at least one parking selection device, the at least one parking selection device comprising;

    a) a display listing parking prices for the plurality of pricing tiers for the individual parking spaces that are within the parking facility; and

    b) an option to select a pricing tier from the plurality of pricing tiers for the individual parking spaces that are within the parking facility, wherein the at least one parking selection device is configured to receive a selection of the pricing tier;

    at least one parking sensor in communication with the at least one parking selection device;

    the at least one parking sensor configured to determine in real-time whether an individual parking space is available in a selected pricing tier;

    a management application automatically adjusting parking prices for the plurality of pricing tiers for the individual parking spaces in real-time based on demand;

    the management application in communication with the at least one parking selection device and the at least one parking sensor; and

    the management application configured to provide two real-time solutions when an individual parking space within the selected pricing tier is not available in the parking facility;

    a) the first real-time solution comprising electronically creating a new individual parking space within the selected pricing tier by reallocating an available individual parking space within a pricing tier of lower demand into the selected pricing tier; and

    b) the second real-time solution comprising decreasing demand for individual parking spaces within a pricing tier of higher demand in the parking facility by increasing prices for the individual parking spaces within the pricing tier of higher demand;

    wherein daily revenue totals for the parking facility improve compared to flat fee pricing.

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