NYC and Privatized Parking

NYC is asking private investment banks to submit ideas on how to privatize city assets.
March 1, 2011, 5am PST | Victor Negrete
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"So far, the city is just asking for ideas. Mayoral spokesperson Marc LaVorgna told us that the city wants to retain "central control" over the operation of city assets, confirming that a private company would not be allowed to set parking meter rates, for example."

A potential deal would need to answer questions, such as: "will the terms of the deal put an additional roadblock in the way of innovative street redesigns that remove metered parking spaces? Will a deal lock in curbside practices that decades from now will be utterly outdated, in ways we couldn't even predict," writes Noah Kazis.

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Published on Friday, February 25, 2011 in Streets Blog
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