In a dark little corner of the tax code known as Section 132(f), the IRS lets employers provide tax-free benefits—typically, payroll deductions and/or subsidies—to employees for commuting costs. That includes vans, buses, bikes, trains, and even parking. And both parties can save, since they’re not getting dinged for their respective taxes on the amount of the benefit.
Several downtown surface parking lots are targeted for redevelopment, with a couple already well on their way to being filled with a mixture of commercial and residential projects.
Downtown businesses that are not in tourist-dependent industries are girding for Super Bowl weekend, hoping their spot in the big game’s storm shadow brings only a light dusting of logistical, scheduling and personnel hassles.
The pitch from Mayor Greg Ballard’s administration to privatize the city’s parking meters is compelling, but the proposal
to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately
Hollywood Bar and Filmworks owner Ted Bulthaup said higher parking rates following Conseco Fieldhouse’s opening
drove his patrons away.
The IRS agreed.