Same parking contractor, better deal - Colorado Community Media

Same parking contractor, better deal - Colorado Community Media

Idaho Springs City Council voted to sign a new contract with the current parking contractor, Interstate Parking. This was after city staff and council members reviewed offers and terms from nine competitive bidders for the parking contract in the downtown area. The new deal, approved June 9, shifts the percentage of parking profits from a 50/50 split between city and Interstate to a 66.6% and 33.3% split in the city’s favor. The same percentages…