Skip to content
Subscriber Only

New York City to Lose Almost $600 Million in Parking Revenue

New York City Officials Look To Parking Assets For More Revenue

Photographer: Jin Lee/Bloomberg

New York City is estimated to lose ​more than $590 million in parking revenue this year due to the pandemic, according to a study of 65 cities.

New York’s parking fees are the highest in the world, according to the report by Fixter, a car-maintenance firm based in the United Kingdom.