My workplace has announced details of a car parking scheme which it is due to launch this coming year.
The first principle of the scheme is that it is to be non profit making, the start up costs for the scheme are 1.9 million for location equipment, cabling services, signage, control equipment, CCTV, restriction measures, control systems, and fees.
They then give us details of the payment structure and the heading on the table is 'The following Table allows for a six-year payback period.' I take it then after 6 years, if the scheme is not for profit, we will all get reduced fees which will just cover the cost of running the scheme. I think not, what will happen will be that in 6 years time, everyone will have become so used to the scheme, that no-one will remember, and we will already have seen three or four price hikes in that time, I would imagine.