Have you seen the rates lately? I still consider anything under 8-10% to be a bargain. We might not see the 3-4% days for a while, but look back many years and you’ll see 8%, 10%, 12%, and even higher! Here’s some recent information that I found….
Higher parking rates wouldn’t be the only revenue source available to the bidder that wins a 50-year lease of Pittsburgh parking garages and meters. The controversial lease proposal, released June 30 and to be reissued with revisions this week, would allow the leaseholder to sell advertising space in garages and on meters.