Mayor offers changes to the final draft of parking lease plan

Source: South Pittsburgh Reporter, August 2010

 

Last week, Mayor Luke Ravenstahl announced the city had released the final request for proposals (RFP) for seven pre-qualified investors to submit a final proposal on the monetizing the city’s parking assets.

Following a public process, including several neighborhood public meetings, the mayor proposed changes from the draft that addresses some of the public’s concerns and ensures the city still receives a significant upfront payment that will prevent a state takeover of its pension fund.

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