Privatize parking meters?

July 20, 2009
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City officials are considering several proposals to modernize and even privatize the city's roughly 4,000 parking meters to squeeze out more revenue. They’re considering a range of proposals, most of which include multi-space meters and credit card payments. Among the possibilities is a long-term lease of the meters to a private firm. Chicago netted $1.2 billion last year for a 75-year lease of its 36,000 meters, but the deal has generated a firestorm of criticism and a scathing report from that city’s inspector general. One estimate pegs the value of a long-term lease of Indianapolis’ meters at more than $100 million. The meters already add more than $3 million per year to city coffers, but proposals from private firms responding to a city request for information say that number should be much higher. City officials say any windfall would go toward sewer and road improvements. The full story from IBJ’s print edition is here. If the city gives up control of its on-street parking, would projects like the Cultural Trail even be possible? Would the higher rates drive away visitors? Thoughts?

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  1. The Walgreens did not get a lot of traffic. It was not located on the corner of the intersection, and not really visible from Emerson. Meanwhile the CVS there is huge and right on the corner. I am guessing a lot of people drove by a million times and never knew the Walgreens was there. Although, with the new Walmart market going in, that area could really see a lot of increase in traffic soon.

  2. You folks don't have a clue. There is a legal way to enter this country and to get aid. This left unchecked could run us to ruin quickly. I also heard that 'supporters' were getting major $$ to take them in? Who's monitoring this and guess who pays the bill? I support charitable organizations... but this is NOT the way to do it!

  3. Apparently at some time before alcohol has been served at the fair. The problem is that beer or wine used to be a common drink for people before soft drinks and was not thought to be that unusual. Since many folks now only drink to see how much they can drink or what kind of condition they can end up in it becomes more problematic. Go to Europe and its no big deal just as if you had sodas of milk to drink everyday. Its using common sense that is lacking now days.

  4. To address the epic failure of attracting race fans to both the Indy 500 and Brickyard 400 would take too much of my time to write. Bottom line Boles is clueless and obviously totally out of touch with the real paying fan base. I see nothing but death spin coming for the Brickyard, just like Indy. Get somebody in a place of power that understands what race fans want.

  5. I am a race fan through & through. It doesn't matter if it's Indy cars or Nascar. I love a great race. I go to several other tracks each year and you can see the entire track. I know Indy has tradition, but fans want to see the entire race. I sit in the Penthouse, am almost 60 years old, and would like to see a better TV screen in turn 1 so you can see the entire race. Then I think Indy needs to install an escalator so us old folks can make it up to the Penthouse and down again if we want more options to purchase food and drinks. Just a race fans opinion. Lights won't make the race any better, but you might be able to see the TV better at night. Turn 1's screen needs replaced with a better and bigger screen.

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