Parking: June 2010 - 23

Mayor Eddie A. Perez said in a statement that he was encouraged by the strong response and believed that it would enhance competitive bidding. "It is important for the city to examine this potential transaction over the next several months and look closely at all of its options to find the best one that balances today's budgetary issues with future viability," Perez said. The next steps are to continue to work with the Hartford Parking Authority on business terms and to explain the proposal to residents and business owners. A meeting is being planned for mid-May with potential concessionaires. Interested companies include: Bainbridge/ZKS/Ace Parking; Cintra Infraestrucuras SAU; Duncan Solutions/ UBS Global Asset Management; Kohlberg Kravis Roberts & Co./Central Parking System/Duncan Solutions;

P4 Partners LLC/Aurora Capital Group/ LAZ Parking; and Propark/ ACS/Kamylon Capital. Gates Group/ Standard Parking voluntarily withdrew from the process, city officials said. 

Infrastructure 2010 is the fourth of an annual overview series that analyzes the infrastructure needs and compares the infrastructure policies of the United States with other countries. Previous editions focused primarily on transportation systems, consistently finding that the U.S. continues to lag behind Asia and Europe in investments in transit systems, making its urban areas less competitive globally. This year, in addition to a transportation update, the report includes a look at water infrastructure—accessibility and availability, treatment and delivery—and highlights water issues in 14 U.S. cities as illustrative of the problems looming throughout much of urban America. For more information, go to www.uli.org.

Six Companies Show Interest in Hartford Parking Leases
The city has received six responses from companies interested in a longterm lease of its public parking system. The proposed lease arrangement would encompass about 6,400 onstreet and parking garage spaces and provide the city with a large lump-sum payment and reduce its risk. But it also would reduce the city's control over future parking rates and ultimately bring in less money. The idea of leasing parking spaces was among several floated at a city council workshop in January on finding new sources of revenue without raising taxes. The arrangement has been adopted in other cities, including Chicago and Harrisburg, Va.

www.npapark.org PArkINg June 2010

Parking: June 2010

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