While I agree that businesses should play a role, keep in mind that the city currently manages/provides 10,013 parking spaces in and around downtown Raleigh. The parking fees rarely come close to covering the massive cost to build them. These racks are a low cost, low maintenance ways to facilitate more bike/ped customers for businesses.

http://raleighpublicrecord.org/news/2013/06/03/the-state-of-parking-in-downtown-raleigh/

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