LAZ Parking Lot

The other day, another driver and I were standing in this parking lot trying to figure out how to pay for parking. I believe the Bank of America is permanently closed, so what's up with their parking lot? There's no meters or pay station, so is it free? There's a sign telling you to send payment to a text address, but it's destination was vague.

So I did some research. The former Bank of America parking lot is managed by LAZ Parking. They have an official App for parking at their various locations. You setup an account, your license plate is your car's ID, and you can pay for a space. It's a little pricey for downtown Alameda, like $2.00/hour.
So, basically you pay electronically using a smartphone.

How's the lot look? Parts look new, other areas are worn and beatup. The whole lot needs to be repaved and striped. The handicapped spaces are wide and well defined. You really need more signage to explain how the payment system works. I guess it's the honor system, because who exactly is checking on who paid or not? Have you gotten a ticket here?

This parking lot is located behind 1500 Park Street