The plan to give control of our parking meters to Wall Street fat cats for 30 years is a bad idea that will harm Cincinnati’s residents, neighborhoods, and businesses for a generation to come. This is a bad deal for Cincinnati because:
The plan gives a private for-profit investment firm an incentive to issue tickets.
Because the plan allows the Wall Street fat cats to keep the money collected from issuing parking tickets, they will step up enforcement and write more tickets to recoup their $92 million investment.
The plan guarantees at least a 3% rate increase every year for 30 years.
The city is planning to blow through the $92 million from the deal in two years,
and then leave the rest of us to pay for their wasteful spending through higher parking fees.
If you agree that this plan is bad for Cincinnati, please fill out the form below to send an email to the Mayor and City Council urging them to not privatize our parking meters.