Hearing to discuss leasing Cincinnati parking resources to Port Authority set for Wednesday night

CINCINNATI - The Cincinnati City Council's Budget and Finance Committee has scheduled a second public hearing for citizens to voice their opinions on the latest parking proposal suggested last week.

The hearing is scheduled for 6 p.m. Wednesday at City Hall.

Last week, City Manager Milton Dohoney announced a proposal to lease the Hamilton County Port Authority system that would last for 30 years for metered parking, and up to 50 years for city-owned garages and lots.

In return, the city would get $92 million in an upfront payment, along with annual payments of $3 million that would gradually increase over time, which city officials say would help fill the city's budget gap.

During the announcement, it was stressed that rates couldn't increase above a set maximum amount, but officials later confirmed there was a way around the cap. An advisory board would oversee the city's parking system that could increase rates above the maximum amount, city officials acknowledged.

Last week, City Manager Milton Dohoney announced a proposal to lease the Hamilton County Port Authority system that would last for 30 years for metered parking, and up to 50 years for city-owned garages and lots.

In return, the city would get $92 million in an upfront payment, along with annual payments of $3 million that would gradually increase over time, which city officials say would help fill the city's budget gap.

During the announcement it was stressed that rates couldn't increase above a set maximum amount, but officials later confirmed there was a way around the cap. An advisory board would oversee the city's parking system that could increase rates above the maximum amount, city officials acknowledged.

- See more at: http://www.wcpo.com/dpp/news/region_central_cincinnati/downtown/Residents-voice-concerns-support-for-citys-new-parking-plan#sthash.2xVzCae4.dpuf

Last week, City Manager Milton Dohoney announced a proposal to lease the Hamilton County Port Authority system that would last for 30 years for metered parking, and up to 50 years for city-owned garages and lots.

In return, the city would get $92 million in an upfront payment, along with annual payments of $3 million that would gradually increase over time, which city officials say would help fill the city's budget gap.

During the announcement it was stressed that rates couldn't increase above a set maximum amount, but officials later confirmed there was a way around the cap. An advisory board would oversee the city's parking system that could increase rates above the maximum amount, city officials acknowledged.

- See more at: http://www.wcpo.com/dpp/news/region_central_cincinnati/downtown/Residents-voice-concerns-support-for-citys-new-parking-plan#sthash.2xVzCae4.dpuf
to lease the Hamilton County Port Authority system that would last for 30 years for metered parking, and up to 50 years for city-owned garages and lots. - See more at: http://www.wcpo.com/dpp/news/region_central_cincinnati/downtown/Residents-voice-concerns-support-for-citys-new-parking-plan#sthash.2xVzCae4.dpuf
to lease the Hamilton County Port Authority system that would last for 30 years for metered parking, and up to 50 years for city-owned garages and lots. - See more at: http://www.wcpo.com/dpp/news/region_central_cincinnati/downtown/Residents-voice-concerns-support-for-citys-new-parking-plan#sthash.2xVzCae4.dpuf
to lease the Hamilton County Port Authority system that would last for 30 years for metered parking, and up to 50 years for city-owned garages and lots. - See more at: http://www.wcpo.com/dpp/news/region_central_cincinnati/downtown/Residents-voice-concerns-support-for-citys-new-parking-plan#sthash.2xVzCae4.dpuf
to lease the Hamilton County Port Authority system that would last for 30 years for metered parking, and up to 50 years for city-owned garages and lots. - See more at: http://www.wcpo.com/dpp/news/region_central_cincinnati/downtown/Residents-voice-concerns-support-for-citys-new-parking-plan#sthash.2xVzCae4.dpuf

Many residents have spoken out against the plan to lease the city's parking lots, meters, and garages to the Hamilton County Port Authority for the next 30 years.

WCPO Digital Reporter Kevin Osborne contributed to this report.

to lease the Hamilton County Port Authority system that would last for 30 years for metered parking, and up to 50 years for city-owned garages and lots. - See more at: http://www.wcpo.com/dpp/news/region_central_cincinnati/downtown/Residents-voice-concerns-support-for-citys-new-parking-plan#sthash.2xVzCae4.dpuf
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