New parking meters should be showing up around Downtown Memphis and the Medical District by the end of November .
The digital meters will cost the city more than $1.7 million but are expected to pay for themselves, according to city engineer John Cameron, who predicted the meters will generate $892,000 in new fees annually.
The new metering program will replace nearly 1,200 analog meters, which only accept coins. The new meters will accept coins and credit and debit cards.
Most of the meters will be set up to handle multiple parking spaces by the block. A driver will park in a space, walk to the meter, pay it, take the receipt issued by the machine and place it on their vehicle’s dashboard so police can easily see if the car is parked illegally or not.
However, some individual meters will also be installed for single parking spaces.
