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City, out of parking spots, creates unique agreement to bring residents to station
Everyone has seen how Uber has become a mega-successful business venture by replacing taxis and cabs.
Its next big area for growth may come from replacing something else: Parking lots.
Last Monday in Summit, Uber and the city of Summit launched New Jersey's first ridesharing commuter program, designed to help residents struggling with limited parking at an NJ Transit station.
Under the city's program, Summit residents with prepaid parking permits are eligible for free Uber rides to and from the station during weekday commuting hours; residents without prepaid permits will be eligible for $2 Uber rides, which is equivalent...