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Allen Matkins

Los Angeles City Parking Concessions Likely To Be the First Item to Tackle Budget Woes

The City of Los Angeles will be reaching out to the private sector in an effort to balance the City budget by offering to sell, privatize, or venture many of the City's assets and operations, on which additional information can be found here. It appears that the privatization of the City's parking assets may be the first measure by the City of Los Angeles to fill budget gaps. Plans are already underway for the City to issue a Request for Qualifications for public-private partnerships for the operation and management of parking structures and parking meters.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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