New York, NY – City Considering Privatizing 80,800 Parking Meters

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    (AP Photo)New York, NY – New York City is considering privatizing its parking meters.

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    The Department of Transportation on Monday formally requested Statements of Qualification from companies interested in operating the city’s parking meters. Statements are due July 31.

    Julie Wood, a spokeswoman for the mayor’s office, says that under any agreement the city would keep control of meter rates and enforcement of violations. She says the city is being careful to avoid mistakes others have made.

    To be considered, companies will have to have experience running at least 100,000 parking spaces and be able to put up $100 million in collateral.

    Based on the responses, the city will decide whether to move forward with the project, which would cover the city’s 80,800 on-street parking spaces.


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    3 Comments
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    ProminantLawyer
    ProminantLawyer
    12 years ago

    This is Good News!!…The city makes money without paying taxes.. Furthermore, the parking goes down because noone except the 1% can afford to park their because the rates go skihigh. Look what happened in Chicago. This is good news1!!

    aj8955
    aj8955
    12 years ago

    If you think it’s so good, look at what happened in Chicago. It is a total disaster. First, the City has not made money, second, the proliferation of muni meters in the areas of Chicago that border the suburbs have totally destroyed the business areas. “Jewish” Devon Avenue is non-existent. The Politician’s cries of “Chotosi” is a little too late after Gesisa. New York, be careful what you wish for.

    Mikerose
    Mikerose
    12 years ago

    I thought they r slowly getting rid of them -for the muni meters?