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The Park Indy contract was terrible, and hey we just missed our most recent chance to get out of it, but hey, it runs out in 2060.
See? These are the type of things to bash Joe Hogsett for. We could be making way more money on parking meters.
But that’s not the leadership Jefferson Shreve is after. He likely wants more deals in which the city gets 40% of the profit and a private vendor gets 60% of the profit.
https://www.ibj.com/articles/72524-movement-afoot-to-exit-citys-50-year-parking-meter-pact-in-2020
I don’t even know how the Park Indy contract falls on Hogsett. It was authorized by a Republican mayor.
He had a window to get out of it or to negotiate a better deal. He passed.
Definitely secondary to the actual deal which is awful for taxpayers (read the linked story), but still a mark on Hogsett.
What you all are missing is that Ballard signed a contract, approved by the council, that had substantial penalties for ending the contract early. Hogsett’s hands were tied. I’ve studied the contract, and written about it. It’s positively awful. The 60%/40% split isn’t even the worst of it. There is also a provision that once a certain number of places are taken out of circulation, we have to pay the vendor the full amount those spaces would taken in if occupied 100% of the time. No doubt we have been paying out under this provision.
When it comes to local Indy politics, there isn’t a dime’s difference between the Dems and the GOP. Both are all about raising taxes and fees and handing that money over to the corporate interests which really run the city.
Bike Lanes, Fire Lanes, Double Parking. Ticket them all!
Turning on your hazards does not allow you to conveniently make your own space.
Indy should be doing what Denver, CO (and dozens of other major cities) are doing on this old-school parking situation. They are using a cutting edge technology named Safety Sticks and total parking operation (lots and garages) from MPS Intelligence Infrastructure.
https://www.mpsintelligentinfrastructure.com/ It’s a total game-changer for municipalities with huge revenue enhancements for those cities, counties and state governments. Colleges and universities have also started to embrace this new, disruptive technology (all patent-protected) by MPS.
Once our Park Indy contract is up in 2060 we should look into this! /s
Property and food and beverage taxes are the only taxes they’re interested in, accept when it comes out to handing TIF funds to developers. Oh wait, that comes out of your property taxes.
Why bother raising the penalties on something that isn’t enforced anyway? Yawn!