November 5, 2010 - MuniNet Guide - The National Parking Association recently released its third annual report entitled, “Parking in America,” a survey of the parking industry in the United States and Canada. The report, which examines parking rates, revenue, and employment trends in the industry, is based on a survey of more than 775 parking organizations throughout central business districts in cities and suburbs throughout North America.
Not surprisingly, parking revenues have not been sheltered from the recession, according to the survey. Parking facilities that were hit the hardest were those in and near airports, with 56 percent of on-airport and 44 percent of off-airport facilities reporting a decrease in revenues from the 2009 survey.
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