Reasons For Parking Modernization

Why Is The Administration Proposing This Partnership?

This is an Economic Development Plan.

  • Restructuring our management of parking allows dollars to come to the City's general fund in an upfront payment.
  • This can be leveraged to create jobs and business growth now to provide ongoing tax revenue for the next 30 years.

Why Parking?

Grow Cincinnati's Tax BaseParking is a key resource to support:

  • Economic and business growth and retention
  • Special events and tourism
  • Residential vibrancy

Parking availability and convenience is a core City function.

Parking System operation is not a core City function.

  • Little incentive for public sector to fund ongoing technology and innovation
  • City can't match timeliness and efficiency of implementing technological advances

Goals Of Parking Modernization

  • Increase Value of Parking System
  • Improve Financial Flexibility of Parking Revenue
  • Partner with World Class Operator
  • Choose Partners with Technical Expertise
  • Maintain Competitive Parking Rates
  • Enhance Customer Service, Safety, and Security
  • Ensure Construction of the Sycamore Garage
  • Retain Public Oversight
  • Support Business Growth
  • Increase efficiency & innovation to ACCELERATE GROWTH