When the Capital City Development Corporation's Board of Commissioners meet on Monday, they'll be considering how best to manage the agency's six downtown parking garages. The contract will be considerable. For Fiscal Year 2012 the parking system is budgeted to generate $3.8 million in annual revenue, or 25 percent of CCDC's total annual revenue.
But it appears that CCDC may be interested in changing who manages its garages. The current operator, Republic Parking Northwest, is under a contract that expires on March 31. A review panel has been analyzing new bids from Republic and three competitors, and the panel has opted to rank Ampco System Parking as its first choice for a new operating agreement. Republic was its fourth choice. On Monday, CCDC commissioners will be asked to authorize staff to begin negotiations for a new operator agreement