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NY Mayor Bloomberg: "Enh" on Privatizing Parking Meters.

Monday, October 04, 2010 - 07:29 PM

(Andrea Bernstein, Transportation Nation) Matt D. wrote on Friday about  Indianopolis's flirtation with privatizing its on-street parking.  Turns out former Indy Mayor Stephen Goldsmith, now the Deputy Mayor of NYC,  is eying it too, as first reported in the New York Post.  But his boss, Mayor Michael Bloomberg, sounded a little iffy about the idea at a press conference on Governor's Island, in the NY Harbor.

"We're trying to think outside the box and look at everything," the Mayor said, preparing for the big BUT. "What we're not going to do is sell our birthright, take some money to balance the budget toady and leave our kids with a greater liability.  If the private sector can do something better than the public sector then we certainly would talk  to them. What's generally done with these privitization things is to take all the money for budget balancing, leaving those cities or states without assets and with an obligation going forward.  That's just terrible fiscal planning."

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