A Parking Lot is a Terrible Thing to Waste

Smart growth proponents are fighting a New Jersey transit agency plan that would lease out dozens of parking facilities to private operators for 30 to 50 years.

Philip Langdon reports that 37,000 parking spaces across New Jersey could be privatized:

"NJ Transit Executive Director James Weinstein suggested that the deal could reap $100 million or more for the agency in 2011, plus additional payments in future years.

NJ Transit, which provides service to 5,325 of the state's 8,722 square miles, issued a request for qualifications in October. Of the ten companies that expressed interest in running the parking lots and garages, seven have met the conditions to pursue a deal. This summer the transit agency expects to take the next major step: issuing a formal request for proposals. If all goes smoothly, a contract could be awarded this fall."

Langdon notes that Boston, Mass. is considering a similar privatization plan.

Thanks to Robert Steuteville

Full Story: Potential TOD sites in Jersey may be unavailable for decades

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

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 $209
poster

A Short History of America

From comic book artist Robert Crumb, poster shows how the built environment has changed throughout the decades.
$14.95

Stay thirsty, urbanists

These sturdy water bottles are eco-friendly and perfect for urbanists on the go.
$19.00