Cincinnati Mayor John Cranley is proposing a new parking meter deal to Cincinnati City Council, WXIX.com reports. The proposal calls for the Port of Greater Cincinnati Development Authority to issue $30 million in bonds to upgrade each meter in the city to eliminate coins. While the city council would determine the rates and hours of operation, the city's parking services department would maintain control over all of the city's parking. Mayor Cranley said that upgrading the meters to have credit card and smartphone technology "could generate $6.2 million in revenue next year and up to $7.4 million by 2019." After the November election, the incoming mayor and several incoming city council members halted a parking lease deal developed by former Mayor Mark Mallory that would have netted the Port Authority an estimated $18 million over 30 years (See our Jan 27, 2014, blog post – "Cincinnati port authority looks for funding to move forward with major economic development goals"). For more, read the full story.
Mayor John Cranley proposes new parking deal to the Cincinnati City Council
