Earlier quoted context omitted.
Just charge market rates for land. Overstaying (aka overconsumption) is mostly just a predictable consequence of selling something valuable at far below what its value.
Perhaps the overconsumption is on the businesses that have no parking infrastructure for their customers, relying on street parking instead. What if there was no street parking allowed at all? It’s probably too late to implement this idea, but interesting to think about.
I agree 100% though that not having street parking at all is the way to go. My arguments about market pricing is more of a second best option – if the city is going to continue to provide land for this specific use, then we shouldn’t subsidize it or treat as a special case.