Denver lost a lot of parking revenue to the pandemic but still raked it in last year
Just not relative to recent years.
Last year, fewer things were open so fewer people went places and fewer people drove to the places they went. Shocker, right?
The point is that the city government lost a significant amount of money — about $15 million through November of last year — from fewer people needing to store their cars and trucks along public streets and in public parking garages as a result of the pandemic.
According to the Denver Department of Finance, city-owned parking lots and garages were the biggest losers, taking in a little over $3.4 million — 54 percent less than in 2019.
Denver collected more than $6 million from parking meters throughout most of 2020, but last year that figure was closer to $11 million.
And the city saw a 27 percent drop in parking-based fines but still collected over $15.7 million through November.
Sure, most of Denver’s pandemic-sized drop in revenue came from fewer people spending money on other stuff. But $15 million is a significant chunk of last year’s budget shortfall, which was estimated at $226 million.
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This article has been updated to correct a typo that indicated an incorrect revenue loss for the city, which was $15 million, not $25 million.