New York City Considers A Plan To Privatize Parking Meters

The Department of Transportation has asked for companies to submit Statements of Qualification if they are interested in managing and operating the city’s parking meters.

Companies will have to run a designated number of parking spaces to be considered and have $100 million in collateral. There are about 80,800 on-street parking spaces up for grabs.

Based on the responses from businesses, a decision will be made as to whether or not the project will take foot.

A spokeswoman for the mayor’s office said that the city would keep control of meter rates and violation enforcement, according to Voz Iz Neias.

Statements are due July 31.