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Driving factors,
Editorial,
The Grand Rapids Press, Grand Rapids, Michigan, Mar 30, 2007
Here are some of the figures city leaders consider when looking at an offer to privatize its downtown parking:
6,700: Number of city-owned off-street parking spots in the downtown area.
4,700: Number of parking spots Third Coast Development Partners wants to buy
$7 million: Annual revenues of the city's parking system
$17 million: Debt on the parking ramps Third Coast wants to buy
$35 million to $45 million: Estimated sale price for the city facilities
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© 2007 Grand Rapids Press. Used with permission
Copyright 2007 Michigan Live. All Rights Reserved.
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