Parking System Agreement Summary:Parking System Agreement • May 28th, 2019
Contract Type FiledMay 28th, 2019The Parking System Agreement (the “Agreement”) between Metro and Parking Company is intended to be the most city-friendly model to date. While other cities and higher education institutions have completed similar projects, Metro’s negotiated Agreement strikes a true partnership with the Parking Company and includes important improvements that provide Metro greater public policy control and financial protections. This Agreement differs from previous transactions in several ways.