make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

ONLY ON 3: Wilmington turns first profit on parking in five years

READ MORE:

WILMINGTON, NC (WWAY) -- The City of Wilmington says it's finally making money on parking. The city says its parking program turned a profit for the first time in five years.

The number of cars that parked in city lots and decks and at meters from January through June this year is down slightly from the same period last year, but revenue is up.

Last year council voted to change the 90-minute grace period in parking decks on 2nd Street and Market Street to 60 minutes. It also changed the deck fee for festival and event parking from five to seven dollars.

Leaders says they are also doing a better job of tracking who comes in and out of the downtown parking decks.

"We weren't doing as good of job as we have done the past couple of years," city spokeswoman Malissa Talbert said. "We really have been able to get a handle on when people park and if we are charging them fairly and consistently at the same time. We have put a couple of technological changes which have made it easier for our citizens to park."

For the fiscal year that just ended, the city's parking turned a profit of $376,140. Parking lost about a half-million dollars in fiscal year 2012.

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

»

parking for employees??

Why do I have to worry about where I'm going to park when I'm going to work? I'm the worker bee moving the product, drawing the consumers.... Why do I get charged to store my vehicle while at work? Maybe if Wilmington was less concerned with writing tickets to tourists or should I say lanier parking, since parking in our historic downtown is almost completely run by an outside entity. How much of my tax money goes to another state? How much of that parking fine goes to lanier parking?!

Parking for Profit

Amazing that under the old parking management company the City turned a profit every single year and when the good ole boys squeezed them out with the help of the city manager and a shady councilman they've managed to lose money every year since. That is of course except for this year when the contract expires.

Does anyone smell...

bonus for the parking company...or a contract extension with a price increase?

Hopefully, the City will use the "profit" to pay down some debt.

LOL

"Hopefully, the City will use the "profit" to pay down some debt."

YOUR SO FUNNY! I like you!

They may turn a profit on parking...

but the same will never be said for the Convention Center.

Money

Parking is down and revenue is up. No wonder businesses fail downtown. Wake up Wilmington!

You Must be a blast

You must be a blast at dinner party's and date night. Remind me not to invite you to anything. God forbid you actually go downtown and spend $5 to park and have a good time. That would be way too much of your disposable income. If you're that cheap the first hour is free....just eat fast or stay on your couch and eat the microwave wave meal by yourself watching fox news

Saffo "sums"

"The number of cars that parked in city lots and decks and at meters from January through June this year is down slightly from the same period last year, but revenue is up"

Remember your sums tables from school - back in the day?
less cars SHOULD equal LESS revenue - right?
But in our case it equals MORE revenue!
That's a "Saffo Sum"

God Bless the city of Wilmington.....

Vog

What a greedy bunch of

What a greedy bunch of trolls. People must pay to have the privilege of spending their money downtown. Think of the profits businesses would make if folks did not have to worry about parking fines. Haven't been to the downtown cesspool in years, and have no plans to go in the future.

"Like"

Me either.

Wilmington Observer

They don't pro-rate for

They don't pro-rate for partial hours. If you leave five minutes into an hour, you get charged for the whole hour.