Parking income down
More motorists are using the Farmers parking building in Sophia St, but revenue is still down 30 per cent on what the Timaru District Council had expected.
The $3.5 million building is into its second year of business, but low vehicle numbers have seen it well below the predicted budget.
Higher use in the Christmas period, combined with a general increase in patronage, is improving the figures, council land transport manager Andrew Dixon says.
Four months ago revenue was 40 per cent down on predictions.
In the first seven months of the financial year (to the end of January), income from the building was about $45,000 down on what had been expected, with $62,000 being received.
The estimated income from the parking building for the 2012-13 financial year is $150,000.
"The patronage was good around Christmas and it is getting a bit better. It was full around Christmas, most days," Mr Dixon said.
About $2000 in parking fees were being collected from the building weekly. Some of that was due to the fact the council reduced the free parking time in the building from 30 minutes to 15 minutes last year.
"People are starting to realise the convenience of the building," Mr Dixon said.
- © Fairfax NZ News