NYC looks into going private with parking meters

February 25, 2011 4:12:34 PM PST
Next time you drop some change into a parking meter, the money could very well end up in the hands of a private company.

New York City's looking into a lease-ownership deal with a private company that would maintain the city's 50,000 parking meters.

Those meters generate $150 million each year for taxpayers.

Officials say there's no need to worry about skyrocketing parking fees, because they would stay under strict city control.

Bids are due March 11.

Load Comments