Cincinnati Mayor John Cranley is proposing a new parking deal to City Council today.
FOX19's Jessica Brown is live downtown at City Hall with a breakdown of this new deal:
Cranley plans to put the new parking proposal in front of City Council tonight that he hopes would save us more money.
Under this plan, every meter in Cincinnati will be upgraded which means there will be no more coins.
Every meter will be credit card operated and smart phone operated with hours and rates to be decided by City Council.
This plan is very different from the previous administration's plan when they wanted to sell some of the parking assets to balance the city's budget and to help them with future development deals.
With this new plan, the city will maintain control over these meters. Cranley says with this new 18 page plan, he could generate more than $6 million by next year.
Under this proposal, Cranley is calling for Port Authority to issue $30 million in bonds to upgrade the city meters in order to make them smart phone operated meters.
Not only that, the money will allow them to build a new garage at 7th Street and Broadway. The Fountain Square South parking garage will also be leased out to the Port Authority.
Have a question for Jessica Brown about the new parking plan? Tweet her @FOX19Jessica!
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