NEW YORK, May 10, 2016 /PRNewswire/ -- P3GM (www.p3gm.com), the leading public-private smart city project developer, announced today an innovative partnership with the City of Pasadena (www.cityofpasadena.net) to enhance parking opportunities in the City through a shared, peer-to-peer mobile solution. The unique program marks the first time any city has partnered with the private sector to help solve parking challenges through a shared economy solution.
Private parking spot owners will be able to list their unused and available spaces for a period of time and price of their choosing. Residents and visitors will then be able to reserve and safely pay for parking using the mobile application. By allowing private parking spots to be shared, the solution aims to increase the supply of convenient parking spaces, and reduce the amount of time cars circle city streets in search of parking.
Fred Dock, Pasadena's Director, Department of Transportation (www.cityofpasadena.net/Transportation) said, "the City has been seeking a community approach to solving our parking challenges, and we hope our pioneering partnership with P3GM will do just that. By working closely with P3GM to engage Pasadena businesses and potential sponsors, we hope to make parking more convenient for visitors and, in turn, to create a more sustainable and vibrant Pasadena."
"P3GM is thrilled to partner with the City of Pasadena to launch what we believe will be a transformational approach to solving municipal parking and traffic challenges. Using technology to make vacant private parking spaces available encourages the maximization of existing resources that would otherwise remain idle," said Jeff Thomashow, Director of Project Development at P3GM.
The program is expected to launch in the Summer of 2016.
Established in 2012, P3 Global Management (P3GM) develops public-private partnerships (P3s) that facilitate collaboration between municipalities and the private sector to launch innovative smart city projects.
Jeffrey Thomashow, (212) 574-5470
Director, Project Development
Steven Aitkenhead, (212) 574-5470
City of Pasadena:
William H. Boyer, (626) 744-4755
Pasadena Public Information Officer, City Manager's Office
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