The City of Sacramento is preparing to debate the merits of leasing away 9 publicly owned parking garages and right to manage parking meters in the Downtown core for the next 50 years as part of their efforts to build a new arena at the Railyards. We here at ranSACkedmedia have received an early copy of the report scheduled to be released to the public on December 8th, and these are some of the more interesting points made in the piece:
- Currently, on-street meter rates are $1.25 per hour. The study assumes that the new company would increase that at least $0.25 per year until the rates reach $2.00 per hour, and then an additional 3% per year going forward. Monthly parking would
