Recent Streetsblog LA posts about Parking Privatization

Like a once-vanquished zombie rising from its grave in a poorly conceived sequel, the city is reportedly considering  a series of plans that would hand over control and profit for nine city-owned parking garages to a private entity.  Last January, the City Council rejected a proposal by Mayor Antonio Villaraigosa to begin soliciting bids for […]

Later today, behind closed doors, the Los Angeles City Council will meet to debate and discuss whether to put out to bid a plan to lease all of the city controlled parking lots throughout the city for fifty years.  The debate over whether the city should proceed has been almost completely centered around whether or […]

USA Today says the funds for buying highways is drying up. Photo: STVinc. It’s been six months, to the day, since we last checked in on the Mayor’s desire to privatize the city’s parking meters and publicly owned parking garages.  Under the Mayor’s draft plan, the city would get an as of yet undisclosed amount […]

It appears Chicago politicians who privatized city parking meter operations traded short-term political gain for long-term fiscal pain. Photo: Best Recession Ever Chicago may have left as much as $974 million on the table under the terms of last year’s agreement with Morgan Stanley. A June report from the city inspector general [PDF] blasted the […]