Patriot News: Lease plan sent to committee

May 14, 2008

The Patriot News reports:

The Harrisburg City Council sent Mayor Stephen R. Reed’s proposal to lease the city’s public parking facilities to its administration committee Tuesday night. Council President Linda Thompson, chairman of the committee, did not say when the committee would return a recommendation. Reed has proposed a $215 million lease of Harrisburg’s downtown public parking facilities to North American Strategic Infrastructure Partners, a New York City investment firm, and LAZ Parking of Hartford, Conn. Together, the companies would pay $215 million to lease nine parking garages, two public lots and 1,200 metered spaces. The companies would maintain, operate and even expand the parking facilities, but the parking authority would retain ownership and oversight. Irvin Kittrell III,The Patriot-News

Link to The Patriot News