A free parking trial which has cost the district council hundreds of thousands of dollars in lost revenue has seen falling demand for parking in Rotorua's CBD - despite high levels of public approval for the scheme.
Occupancy rates of parks on three major inner city streets - Tutanekai, Eurera, and Hinemoa - have declined over the course of the 19-month trial, with demand on Hinemoa St plummeting nearly 15 per cent between April 2014 and May 2015, according to a Rotorua Lakes Council report made public this week.
Since the trial began in December 2013, on-street parking revenue in the city centre has fallen by about $700,000 per year, and revenue from fines and prosecutions has also declined, it found.
In August 2013 it was reported the council expected the trial would cost ratepayers $534,000 per year in reduced parking revenue.
Pedestrian numbers in the inner city during the trial period have remained stagnant, despite hopes free parking would boost these figures. The council this week voted to extend the trial, which currently allows for 60 minutes or 90 minutes of free parking in the CBD, in order to consult further with the public.