On-street parking on both sides of a busy residential street.

Six Ways Municipalities Benefit From Privatized Parking

Successful parking companies take lots, garages, and on-street parking programs that are barely self-sustainable and turn them into a legitimate source of income. For municipalities, this means additional revenue can be injected into local projects and amenities. But beyond profit, parking managers can yield greater productivity at a lower cost, improve traffic flow, and reduce …

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