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Parking Plan Costs Hit Half Million in Six Years
Downtown Long Beach Associates report that ILB firms have paid about $500,000 over six years to fund free parking for shoppers. The Park and Shop plan has logged 3,233,000 cost free parking hours since 1952 with 222 firms participating and 5,013 off street spaces across 62 downtown lots. Shoppers receive an hour free parking via stamps, up to four hours, funded by local sponsors whose costs rose from $29,539 in 1952 to $143,992 last year and will rise further from November.
MENTIONED IN THIS ARTICLE
Vernon Fay
Long Beach Associates
Long Beach
Fay
Fayi