NYC and Privatized Parking

NYC is asking private investment banks to submit ideas on how to privatize city assets.

From StreetsBlog.org:

"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 Will a deal lock in curbside practices that decades from now will be utterly outdated, in ways we couldn't even predict," writes Noah Kazis.

Full Story: NYC Asks Banks For Ideas on Parking Privatization

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
Book cover of the Guide to Graduate Planning Programs 2012

Thinking about Grad School?

You need the essential resource for prospective planning students
Starting at $24.95
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00