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City Looks At Parking Garages For Cash

By Jeffrey B. Cohen

October 26, 2009

The city needs money. It's looking to its parking garages.

Finance Director Christopher Wolf told the Hartford Parking Authority in a letter earlier this month that it is considering "an alternative revenue stream from the city's parking assets."

One way to make more money could be to sell or lease those assets, according to Chief Operating Officer David Panagore. The city is now beginning a months-long process to evaluate its options.

"At this juncture, everything is on the table and we're looking at a range of potential initiatives," Panagore told Cityline recently. "But it's going to take months to even evaluate the initiatives to see whether or not they turn out to have a positive outcome."

Attached below is Wolf's letter to Paddi LeShane, chairwoman of the parking authority's board.

Click on the link in "Related Links" for the letter: