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City seeking proposals to privatize parking operations

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Indianapolis leaders are officially seeking proposals from companies interested in running the city’s parking operations—and possibly additional spaces managed by other government entities.

As IBJ reported Jan. 15, Mayor Greg Ballard’s Office of Enterprise Development has been considering ways to revamp management of the city’s 15,000-plus spaces to generate additional revenue for street and sidewalk repairs. Officials have been weighing the possibility of privatizing at least some parking operations since summer.

The final deal is expected to generate tens of millions of dollars in revenue for the city. Multi-space meters that accept credit-card payments and a variable rate structure likely will be part of the deal.

The city’s formal request for qualifications, issued Wednesday, asks for proposals for overseeing all 3,500 metered parking spaces, two city parking garages, two state-owned parking garages and one surface lot, three downtown garages now managed by  Simon Property Group, planned surface and garage parking at the new Wishard Memorial Hospital, and three surface lots and one garage now operated by Marion County’s Capital Improvement Board.

“Teaming with the city and other government entities makes good sense,” CIB Chairwoman Ann Lathrop said in a prepared statement. “Instead of having multiple government entitles with multiple contracts, the city and state, along with the CIB can operate all parking under one contract, resulting in greater efficiencies, increased revenues and a more responsible use of taxpayer money.”

Parking meters already add more than $3 million per year to city coffers. One potential bidder told the city this summer that it could double or triple that—or generate a lump sum payment of at least $100 million through a long-term lease.

Responses to the city's request are due March 15.

Companies have until March 26 to respond to a separate request for information, also issued Wednesday, seeking ideas from companies interested in managing parking operations at Indianapolis International Airport. Currently, the Indianapolis Airport Authority handles parking management itself.
 

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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

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