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Yep, I worked for a university for a while and I had to pay around $120 a year for parking too. Even better, I got laid off a month after I renewed and was told there were no refunds. Also, it was a 10-minute walk from where I could park to my office unless I wanted to pay even more for a premium spot. Really fun in mid-winter when the temperature was below zero.
Providing parking is incredibly expensive. The true cost of providing that much real estate for a car for a year would be in the thousands. Why not charge the true cost of a service?
The true cost is paid by the consumer, why make the employee also pay?
To incentivise the use of more efficient modes of transport. When every employee effectively has an expensive parking space made available to them gratis why would they take any other kind of transport?
How about paying the employee for utilizing those other forms of transport, rewarding them for behavior instead of penalizing them?
Also, gotta make sure bosses and leaders are parking far away from the entrance—no more reserved spots!
Ride a bike.