Sunday, February 5, 2012

Big cities cautious about privatizing parking after Chicago's effort

Sacramento is attempting to privatize the parking in the city by auctioning off the city's parking garages and meters; the funds earned from the auction will finance a new sports arena. Only two cities, Chicago and Indianapolis, have successfully privatized their parking, so Sacramento does not have many examples to follow.

In the case of Chicago, a public relations nightmare occurred during the switch due to increases in meter rates and machines briefly malfunctioning. The public outrage has subsided but many political circles view the switch as a mistake. Some comment that by auctioning off parking, there is a loss of control of an important city asset.

Sacramento is pushing ahead still in an attempt to keep their professional basketball team, the Kings, in the city. Do you think that this is an appropriate way to raise money to build a better sports arena? Are there other methods that may work better that may not have potential backlash?

(You can read the whole article here)

5 comments:

  1. I don't think this is the way they should go about trying to raise money. I actually think that it should be up to the owner of the kings to buy a new sports arena. If the owner isn't making enough money to rebuild his own teams sports arena I would let the team leave the city

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  2. I find it strange that Sacramento would opt to privatize the cities parking for something like a sports arena. I'm not sure that I'm against the idea of privatizing the parking, its just odd to do it in order to pay for a sports arena. It would definitely inject a lot of money into the city's finances, but it just seems like the wrong way to go about raising money in order to keep the Kings there.

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  3. I agree. Privatizing parking does not seem like the right way to go about raising money.

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  4. I am not sure if this is the best way to go about raising money. However, I'm sure people are more interested in this option than they would be in an increase in taxes.

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