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Article: T MISSES A PARKING WINDFALL, AUDIT SAYS BIG OPERATOR MAKES MILLIONS AT FACILITES
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- December 14, 2004
- Author:
CopyrightCopyright 2004 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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The private company hired to run the MBTA's parking lots and
garages, not the cash-strapped T, is pocketing millions from higher
fees and a surge in customers, a state audit reported yesterday.
In the past six years, with 2 million more vehicles using MBTA
parking, the T collected a total of only $300,000 more, while the
private operator of the parking facilities reaped another $16
million.
As the Massachusetts Bay Transportation Authority considers
service cuts, the agency is missing out on badly needed revenue
because of a poorly structured five-year contract that includes
overly favorable terms for Central Parking System of Massachusetts
Inc., state Auditor A. Joseph DeNucci said. The ...