From their website
$20 Million Investment
The $20 million upfront investment by ParkIndy in Indianapolis has been used to spur infrastructure improvements in areas served by parking meters. Further, the City of Indianapolis is leveraging $6.35 million of that fund to spur construction of a new $15 million mixed-use parking structure on the southwest corner of the intersection of Broad Ripple and College avenues. The facility will have 350 parking spaces with retail space and a police substation on the first floor.
Talking with @GarrisonRadio about how Indy increased parking revenue 10x & made parking easier through @parkindy
— Mayor Greg Ballard (@MayorBallard) June 12, 2014
How has it worked out for Indianapolis? Click here and read page 10 & 11.
The annual revenue per metered space have increased from $519 in 2010 (before privatization) to $2,817 in 2013
