Leasing Pittsburgh’s Parking Assets . Proposal to Fix Pittsburgh’s Pension Problem by Leasing its Parking System. No More. City Council Public Hearing July 29, 2010. State Legislature said so…… or Else!. Why?. State Act # 44 of 2009 requires City to fund Pension to 50% by December 31 st
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Proposal to Fix Pittsburgh’s Pension Problem by Leasing its Parking System
City Council Public Hearing
July 29, 2010
Is there a Pension Problem?
Concessionaire to perform services, including:
City and the Parking Authority retain rights:
The City reserves the right to operate other metered spaces besides those covered in the agreement.
Concession rate increases effect neighborhoods