City Wants Private Sector to Run 9 Public Parking Garages
Photo by grifray via Flickr
Parking at the ArcLight, Hollywood and Highland, Pershing Square and other garages may soon be run by a private business. After lengthy debate -- something like two to three hours, maybe more -- the L.A. City Council yesterday voted 9 to 3 to solicit bids to lease nine of the city's public parking garages.
If successful, the city should reap $50 million, a fraction of the $320 million anticipated budget shortfall for the next fiscal year. Without that $50 million, up to 1,000 city workers could be laid off. If councilmembers wanted to save those jobs and not do the parking garage, that amount of money would have be to be found or cut elsewhere... and fast!
Some feared a private operator would jack up the prices, but top budget analyst Miguel Santana noted that prices would be driven by the market -- after all, this is about profit for private enterprise.
The nine garages under consideration are "Pershing Square in downtown Los Angeles; Cherokee, Hollywood & Highland and Cinerama Dome in Hollywood; Broxton in Westwood; Dickens in Sherman Oaks; Friar Street in Van Nuys; Larchmont in Hancock Park, Robertson in West L.A.; and Ventura Boulevard in Studio City."