$1 Million In Parking Meter Revenue Would Be Lost If Ocean Drive Is Closed To Cars

Beach officials are concerned that closing Ocean Drive to cars would result in a loss of parking revenue, and are recommending that two lanes of traffic remain open to vehicular traffic.

Revenue from parking meters on Ocean Drive between 5th and 15th Street was $1.087 million in 2013 and continues to rise, according to a memo sent to commissioners.  The analysis was prepared after a commissioner suggested that the city consider converting Ocean Drive into a pedestrian only street.

City officials are also concerned about access for hotel guests.

Instead of closing the street, city staff recommended keeping both lanes of traffic open while shifting the road eastward to allow for a wider sidewalk on the west side. Miami Beach’s Land Use and Development  Committee voted yesterday to endorse that plan, which could cost up to $3.6 million.