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At yesterday's city council meeting, a nearly unanimous vote prompted a half million dollar study on whether the city should sell its parking meters and six city parking garages to help fill massive budget gaps. The one councilman who stood up for common sense was the Northwest Valley's Greig Smith. "We're selling property at the bottom of the market. What a stupid idea," he said. "If we were stockbrokers, we'd be in jail with Bernie Madoff for this kind of scheme. This is foolhardy economics." Will JP Morgan Chase own Los Angeles' meters someday soon? The parking lots in question include Hollywood & Highland complex, Pershing Square and the Cinerama Dome.
City to Study Privatizing Parking Meters. Price = $500,000
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Hey my LAist peeps , i covered the Lingerie Football League Los Angeles Temptation game at the Sport
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Well, I know how the city can save half a million dollars. That's a start.
I wonder how this might affect Park[ing] Day. I cant afford to shell out $4 (theoretically) an hour for three spaces for 8 hours. Thats $96. ugh
The Cinerama Dome has its own parking complex? Really? Do they mean the parking structure at Arclight Cinemas, which includes the Cinerama Dome?
It also includes whatever restaurants are there now (Club Sushi and Boho?), the smoothie place, the tanning place, 24 hour fitness, the culinary school, and Amoeba (which validates their own parking structure and the arclight garage for 1 hour). So it would be just as correct to say, "Oh! The 24 hour fitness garage!" However, the parking has never been owned/operated by ArcLight, hence why you have to pay $2 for 4 hours - they subsidize it to get you a lower price if you see their movies, but they don't own it. They used to cover the entire cost of parking, but decided to lower their subsidy a few years ago rather than raise ticket prices (which I think they've done in the meantime anyway).
ArcLight was built around the Cinerama Dome by the son of the guy who built the Dome. All the land and buildings are owned by the Decurion Corporation, if we want to be technical, and leased. I believe Parking Concepts Inc owns/runs the parking garage, which is city managed.
Directly across the street, the Los Angeles Film School & The Los Angeles Recording School recetly sold their student parking lot to a company. Students who showed up for classes two weeks ago were surprised to find out they had to pay $7 for parking -- in the same lot that they parked in for free (assumed to be included with a $22,800/9 months tuition). It seems like it may be cheaper to just park at Arclight...
I find that most of the time it's cheaper to park at ArcLight, especially if you can get them to validate. Going to Velvet Margarita or Big Wangs? Assuming you can walk the two blocks, park at ArcLight. Sunday farmer's market? Park at ArcLight (and get validated at the FM). Selma/Ivar library? ArcLight. Ivan Kane's Cafe Wa s? Arclight is way cheaper than the Sunset/Vine complex, unless you're just in and out of there in an hour. Even the Avalon, I'd suggest chalking it up and walking, rather than paying $20.