Craig Newmark, founder of Craigslist is working on CarHarbor, a creative parking solution

Craig Newmark, founder of Craigslist is one the people behind a new business initiative, CarHarbor. Its idea is based on the fact that whether we go to the movies or a restaurant or go shopping, take the bus or the train, parking can turn into a headache. The business model if I understand it well is that a person having a free parking space will list it with availability and price. People looking for a space will be able to look up these offers from their mobile phone and book it. Everyone benefits. The service will launch in San Francisco with the idea of having the service ‘borrowed’ (their word) in other cities over time.
I read about it first on TechCrunch, thank you Michael.