City reports rise in parking meter profit, revenue
Indianapolis estimates it earned about $1 million more from parking meters in 2012, with meter revenue almost doubling from the previous year, the Department of Public Works announced Thursday.
Downtown parking
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T2 Systems might tap cash hoard for acquisitions
Fast-growing T2 Systems has been biding its time since scoring a $28 million equity infusion a year ago, but the maker of parking management software could soon be towing competitors out of its space.
New Denison CEO puts parking firm on growth tear
Perry Griffith, the scion of the Griffith family’s Denison Parking empire, is handing the CEO reins to the executive who helped him expand the Indianapolis company to 10 other states in as many years.
Commuter subsidies often go unnoticed
In a dark little corner of the tax code known as Section 132(f), the IRS lets employers provide tax-free benefits—typically, payroll deductions and/or subsidies—to employees for commuting costs. That includes vans, buses, bikes, trains, and even parking. And both parties can save, since they’re not getting dinged for their respective taxes on the amount of the benefit.
City aims to erase surface parking for developments
Several downtown surface parking lots are targeted for redevelopment, with a couple already well on their way to being filled with a mixture of commercial and residential projects.
Downtown businesses make adjustments for Super Bowl weekend
Downtown businesses that are not in tourist-dependent industries are girding for Super Bowl weekend, hoping their spot in the big game’s storm shadow brings only a light dusting of logistical, scheduling and personnel hassles.
Electric vehicles gain traction in region
Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.
City proposes stricter towing rules
A proposed ordinance would crack down on “predatory” towing practices by requiring tow-truck operators to adhere to several rules meant to protect consumers.
Ride along on a bike commute from Carmel to downtown Indy
IBJ reporter Gabrielle Poshadlo follows Don Jarrels on his daily jaunt downtown. Bonus video: A look inside Eli Lilly and Co.'s bike-to-work program.
Monday morning commute downtown could be messy
Motivational event bringing 13,000 people to Conseco Fieldhouse is expected to snarl downtown traffic during the early morning commute.
Downtown merchants want parking plan revoked
About 80 downtown business owners and employees have signed a petition urging Republican Mayor Greg Ballard’s administration to nix major plans to revamp metered parking in Indianapolis.
City vendor may get $1.2B from parking-privatization deal
The pitch from Mayor Greg Ballard’s administration to privatize the city’s parking meters is compelling, but the proposal
to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately
apparent.
Parking rates could double under city plan
City leaders expect to select a manager to oversee parking operations within the next week.
Fieldhouse feud results in tax refund for theater owner
Hollywood Bar and Filmworks owner Ted Bulthaup said higher parking rates following Conseco Fieldhouse’s opening
drove his patrons away.
The IRS agreed.