Dynamically managing parking space utilization

A method for dynamically managing parking space utilization comprising:

• receiving a dynamic feed of available parking spaces across a set of sectors, each parking space associated with a parking control device, each sector having a preferred utilization rate;
• utilizing a processor to determine that a parking utilization rate of a first sector exceeds a preferred utilization rate for the first sector;
• providing to a user a list of available parking spaces including associated prices dynamically generated, wherein parking spaces in the first sector are priced higher than parking spaces in other sectors;
• and
• upon selection of one of the provided list of available parking spaces by the user, charging the selected parking space to the user at the provided associated price and notifying the parking control device associated with the selected parking space.

A computer implemented method (CIM) comprising:

• dynamically determining a number of available parking spaces in an area and an identity of a first currently-available smart parking meter associated with each available parking space to obtain a dynamic availability feed;
• responsive to each dynamic determination:
• calculating, for the parking space associated with the first currently-available smart parking meter, a price based, at least in part, upon the number of available parking spaces,
• transmitting the calculated price for the parking space associated with the first currently-available smart parking meter to the given currently-available smart parking meter and to a parking application;
• and
• receiving, from a first driver and through the parking app, payment of the calculated price in exchange for a privilege of parking a vehicle in the parking space associated with the first currently-available smart parking meter.