Cities rethink parking as ride-hailing grows and parking revenue declines

As Lyft and Uber race toward IPOs this spring, Americans are relying on the ride-hailing services more than ever, and as a result, city parking garages and airport parking lots are a bit emptier. A new study published in the Journal of Transportation and Land Use aims to understand how parking demand is changing as people opt to hitch a ride and leave their cars at home.