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Revealed: The Most Lucrative Parking Spaces in Boston

Five Boston Borough Council-operated parking lots raised £ 142,940 last year alone.

Despite the coronavirus pandemic, pay-and-display parking spaces are still raising money for the agency.

However, new data also shows the significant decline in revenue from parking garages across Boston.

A Freedom of Information request submitted by Lincolnshire Live revealed which of the district’s parking lots earned the council the most money over the past year.

We have also received the highest-earning parking spaces for the past twelve months.

Last year, the local council temporarily made parking available in the city to “support the economy and the city center while we recover from the Covid-19 pandemic and get back to work”.

In addition to the initial lockdown, this could also have contributed to the downturn.

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A council spokeswoman said, “A spokesperson for the Boston Borough Council said,” Income from parking lots has declined significantly over the past year, as expected.

“This is due to the temporary closure of most of our high street stores due to the Covid-19 pandemic and the lockdowns that set up the country where people were advised to travel only for essential purposes.

“For those who had to leave the house during the lockdown, either as key workers or for essentials, the council offered free short-term parking that we hoped would financially reduce the additional burden on many people.”

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The Boston Market Place parking lot was the new highest-earning location in the district, although revenue was still lower than last year.

The city administration operates 21 parking spaces with a total of 1,330 parking spaces in the city center.

Purchase permits are available for regular users and range from £ 210 to £ 450 depending on length of stay.

Boston’s top five paying parking lots for March 2020 through March 21
Boston parking lot
Total amount earned
1.
Marketplace
£ 46,918.50
2.
Cattle market
£ 34,269.91
3.
Pump Square
£ 22,633.60
4th
Bargate Green
£ 19,597.34
5.
St Georges Rd
£ 19,523.87

As we can see, the top 5 alone still brought in a grand total of £ 142,940.

However, this is significantly less than in the previous year – when a parking space alone (cattle market) earned more than this.

In 2019-20, over the same 12 month period, the top five earning car parks raised £ 561,593.

That translates to a staggering 74.5 percent drop in park revenue for the Boston Borough Council in one year.

Boston Top Five Earning Parking Spaces for March 2019 – March 20
Boston parking lot
Total amount earned
1.
Cattle market
£ 193,281.38
2.
Bargate Green
£ 117,324.75
3.
St. Georges Road
£ 88,852.83
4th
West end
£ 83,236.42
5.
Marketplace
£ 78,900.65

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This drop in sales is due to the fact that the council lost 39.9 percent of its central government funds.

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