Should city sell parking assets? Councilman P.G. Sittenfeld says it will hurt businesses

CINCINNATI - Cincinnati City Council Member P.G. Sittenfeld says selling the city's parking assets will hurt local businesses.

He plans to make his case along with business owners at a rally Wednesday at 10 a.m. in front of the Esquire Theater in Clifton.

"There's a reason citizens are overwhelmingly against this proposal, and I hope council listens to the people," said Sittenfeld.

City Manager Milton Dohoney proposed leasing the city's parking meters, lots, and garages for the next 30 years with an upfront payment of no less than $40 million. The city has already received at least two bids that would pay more than $100 million to the city in a one-time lump sum.

Sittenfeld says the high bid offers are even more reason why the city should not sell.

"Outsourcing our parking system robs the city of future revenue, and also will mean higher parking rates, longer hours of enforcement, and more parking tickets," said Sittenfeld.

Sittenfeld says he is open to the idea of changing parking rates in the city if it means the city can benefit from untapped revenue sources. But he says he doesn't think a private company should be the one making money off of the city's parking assets.

"Applying a band-aid to get us through tomorrow is going have us on crutches in 30 years," said Sittenfeld.

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