[BlackV62K2]

Originally Posted by Traum

If you focus on the ridiculous Tier 2 / Tier 3 permit fee, I'd say you have just gotten tricked by the devious CoV City Council. That Tier 2 / 3 stuff is only a strawman argument meant to divert your attention away from the real meat of the policy change -- the $45 per vehicle overnight parking permit fee.

The trick is a good one to attract eyeballs because of how ridiculous the amounts are, and it plays well with the full leftard agenda that the CoV City Council has always leaned. But realistically, if someone can afford a new ICE sports sedan, how likely are they going to park on the street? (If you don't park on the street, there is no need for the residential parking permit.) The bottom line is -- CoV is not going to collect a lot of money from those $500 or $1k permits.

Instead, the real deal that they are after is the $45 per vehicle permit fee that every car would have to pay if they park overnight on the street. Anyone who lives in East Van will know that most residential streets are fully lined with parked cars.

Here is some quick back-of-the-envelope math that I am running.

ICBC data says there are 270k passenger vehicles registered in CoV at the start of 2016. Assuming a 1% growth in vehicle numbers per year, that puts us at ~283k vehicles at the beginning of this year. If only 1/3 of these vehicles park on the street (and therefore require that $45 overnight parking permit), CoV is looking at a new revenue stream that will generate an additional $4M per year that requires minimal work on their part.

CoV has an annual budget of ~$1.6B, so a paltry $4M may not sound like much. But everyone knows that the CoV City Hall is brokea$$ poor, and has been trying to come up with new and creative ways to milk more money out of us to support its spendy habits.

I mean, they need to figure out how to pay for all those hotels they are buying up to house people + give them a house warming gift basket of free drugs.