Core Insights - The article discusses the successful implementation of a smart parking project at Shuntai Plaza in Jinan High-tech Zone, which has addressed parking, dining, and leisure challenges for employees in the area [1][3]. Group 1: Project Overview - The Shuntai Plaza smart parking project was initiated in November 2021 and completed in May 2023, transforming an old sports field into a multi-functional space that includes sports facilities and commercial areas [3]. - The project features a three-level underground parking structure with over 1,000 new parking spaces, utilizing a smart parking system to enhance efficiency [3][4]. Group 2: Operational Efficiency - The parking facility has four entrances and 20 storage and retrieval points, capable of accommodating 700 vehicles per hour, with an average daily usage of 1,000 vehicles [4]. - The commercial area, Wan Yue Plaza, spans 9,475 square meters with a rental rate exceeding 95%, attracting around 6,000 visitors daily and generating nearly 10 million yuan in revenue last year [5][6]. Group 3: Economic Impact - The project has created a closed-loop investment return model through the integration of parking, commercial, and sports operations, ensuring the project's sustainability and profitability [6]. - The expected return on investment is projected to balance within 20 years, with potential for asset securitization based on stable cash flows from parking and commercial activities [6].