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Port Authority releases details of parking lease

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WVXU
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The Port of Greater Cincinnati Development Authority has released details of its “substantially completed” agreements with two private companies to operate Cincinnati’s parking meters, five downtown garages, and three surface parking lots.

The Port Authority’s agreement with Xerox State & Local Solutions is for 10 years, with a provision to extend it for up to two 10-year periods thereafter. Xerox will operate and maintain 4,900 parking meters in downtown Cincinnati and the city’s neighborhoods.

Denison Parking has a draft agreement with the Port Authority for three years. It will manage the garages and surface lots.

Cincinnati City Council voted earlier this year to give the Port Authority the responsibility of working out lease agreements with the two private companies. The city is to receive about $90 million in up-front money from the companies.

You can read the Port Authority’s release here.

Howard Wilkinson joined the WVXU News Team after 30 years of covering local and state politics for The Cincinnati Enquirer. A native of Dayton, Ohio, Wilkinson has covered every Ohio governor’s race since 1974 as well as 12 presidential nominating conventions. His streak continued by covering both the 2012 Republican and Democratic conventions for 91.7 WVXU. Along with politics, Wilkinson also covered the 2001 Cincinnati race riots; the Lucasville Prison riot in 1993; the Air Canada plane crash at the Cincinnati/Northern Kentucky International Airport in 1983; and the 1997 Ohio River flooding. The Cincinnati Reds are his passion. "I've been listening to WVXU and public radio for many years, and I couldn't be more pleased at the opportunity to be part of it,” he says.