What are the anticipated revenues from the garage?
Revenue assumptions depend on the pricing policies of the users, which have not been set at this time. However, experience in comparable situations can provide guidance. For example, in its Norristown garage, SEPTA currently charges $2 per day for riders with pre-paid monthly cards, $3 per day for all other riders, and $6 per day for non-SEPTA riders. For a 500-space parking garage at $2 a day per space, annual revenue would be approximately $300,000 per year.
