Pittsburgh to Privatize City Parking Garages

The Pittsburgh Business Times reports that the Pittsburgh City Council has approved a five-year fiscal recovery plan that includes a section authorizing the privatization of the City’s parking garages. Sounds like they’re learning some lessons from Chicago, which privatized four downtown parking garages in a $563 million deal in 2006.

More details to come on Pittsburgh’s plans as they’re available.

Leonard Gilroy is Senior Managing Director of the Pension Integrity Project at Reason Foundation, a nonprofit think tank advancing free minds and free markets. The Pension Integrity Project assists policymakers and other stakeholders in designing, analyzing and implementing public sector pension reforms.