Bloomberg: Sell off Parking to Private Sector

MAYOR BLOOMBERG Wednesday said the city will privatize the operation of its parking meters if the price is right. Signing a deal with a private contractor would in all likelihood wipe out many of the jobs of workers who collect money from meters — but the mayor said that should not be the city’s main concern.

Topics:  mayor bloomberg wednesday   parking   private   city   meters   
  • Vinci in Talks to Sell Parking Business in $2.7 Billion Deal
    Ardian Sarl, formerly known as Axa Private Equity, and Credit Agricole Assurances said they’ve started exclusive talks to take control of Vinci Park, a manager of parking spaces. The unit of Vinci SA (DG), Europe’s biggest builder, is valued at 1.96 ...
    02/12/2014 - 1:54 am | View Link
  • The Mayor’s Geek Squad
    If a parking meter sits outside their apartment ... a local data frenzy in which private efforts at analysis have spurred city government on to do the same. “I think New York is the natural place for Big Data,” Mr. Flowers said.
    03/22/2013 - 5:22 pm | View Link
  • Mayor Bloomberg wants to privatize city parking
    The aim is to get an idea of “what kind of innovations and improvements” the private sector can provide, the administration said. But a 75-year deal in Chicago to sell future parking meter revenue to a private vendor has come under criticism ...
    05/16/2012 - 4:02 pm | View Link
  • Bloomberg Says Parking Rates Would Always Be Set By City
    Yesterday it was reported that the city's is mulling a plan to lease the rights to 50,000 parking meters to a private company ... and would never sell off its infrastructure. We're not going to sell assets in return for money we'd spend on balancing ...
    02/26/2011 - 6:07 am | View Link
  • Mayor Bloomberg says city will always set the rate for parking meters
    Mayor Bloomberg insisted Friday that while an outside consultant may recommend the city sell off its parking meters ... which sold its meters to a private company in 2009 for $1.2 billion. That company immediately jacked rates, sending meter prices ...
    02/25/2011 - 8:27 pm | View Link
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