Ha. The meeting didn't go well. Lots of screaming and yelling. The co-op board made the change anyway (Icon valets showed up for work a week or two ago), and now a handful of people who feel valet parking is the worst thing that ever happened to them are bringing in elected officials, lawyers and the media to try to shame the co-op board and find some legal technicality they can use to reverse the changes. It's pretty amazing how far people will go to avoid letting a valet move their car (I wonder if these people never park anywhere else in Manhattan when they go out?).

Setting rates using a Dutch auction every few years would be a surefire way of making the list go away and would have an economic benefit for the co-op as a whole. But this being a formerly limited equity, union-built co-op, there's plenty of support for keeping parking cheap even if there's a long waiting list (many folks feel you "pay" for cheap parking by waiting). In economic terms, raising rates would maximize utility, but wouldn't be a Pareto improvement, whereas finding ways to expand capacity is both a utilitarian AND Pareto improvement (unless of course you think having to use a valet is the end of the world).