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Hollywood & Highland, ArcLight & Other Public Parking Lots Could Soon be Run by Private Entities

Photo by srqpix via Flickr
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As the process to fix Los Angeles' budget woes continues, today a City Council budget and finance committee will examine the recent mid-year and three-year fiscal reports and recommendations--you know, laying off 1,000 employees, etc--in addition to a major 400-page report on possible budget savings via public-private partnerships on city-owned parking structures. While the meeting is open the public, the parking discussion will be behind closed doors, but the the report is at least publicly available.

In the report, it presents "findings and recommendations for further action in support of a [public-private partnership] concession and lease for ten parking structures within the City." Those ten make up 8,398 spaces and are (street name in neighborhood):

  • Broxton in Westwood
  • Cherokee in Hollywood
  • Cinerama Dome (Arclight) in Hollywood
  • Dickens in Sherman Oaks
  • Friar St. in Van Nuys
  • Hollywood & Highland in Hollywood
  • Larchmont in Hancock Park
  • Pershing Square in Downtown
  • Roberston in West L.A.
  • Ventura Blvd. in Studio City

The report also details new parking garages with approved and pending funding. They will also be considered under the public-private partnership plan: