CENTRAL PARKING CORPORATION AWARDED CONTRACT TO MANAGE ONSTREET PARKING IN CHARLOTTE.NASHVILLE, Tenn.--(BUSINESS WIRE)--Feb. 26, 1997--Central Parking Corporation (NYSE NYSE See: New York Stock Exchange :PK) ("Central Parking") today announced that it has been awarded a contract to manage a new on-street parking program for Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. . The contract represents the first major municipal parking program in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. to be entirely privatized. Terms of the contract were not announced, but the services to be provided include parking enforcement, meter collections, ticket processing and dissemination of public information. Central Parking will manage the program through a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. operating under the Control Plus name. Monroe Carell, Jr., Chairman and Chief Executive Officer, remarked, "The basic goal for this landmark contract is implementation of a parking program that facilitates the continued growth and development of uptown Charlotte and adjacent commercial areas. The initial phase of our work will be to determine the optimal mix of metered and non-metered parking as well as the appropriate rates and related degree of enforcement that will be required. An important emphasis will be managing this program in a consistent, customer-friendly manner. We intend to communicate this priority clearly both in the initial information distributed about the program and in its execution." Carell commented, "Although we have successfully developed similar on-street parking programs in our international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , this is the first opportunity to demonstrate the value of these services in the United States. We are pleased that the City of Charlotte selected us for this initiative and are positive about the prospects for developing similar programs for other municipalities and government entities." Central Parking Corporation, headquartered in Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation). Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis. , is a leading provider of parking services in the United States. The Company currently operates 1,500 parking facilities containing approximately 641,000 spaces locations in 34 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Canada, Puerto Rico, the United Kingdom, Mexico, Germany and Puerto Rico. The Company provides parking consulting services in Malaysia and Spain and has a business development office in Amsterdam. CONTACT: Central Parking Corporation, Nashville Stephen Tisdell, 615/297-4255 X265 stisdell@parking.com |
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