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A big news conference by Mayor Luke Ravenstahl today -- he's releasing the terms of the proposed parking arage/meter sale, possibly covering such things as the schedule for private rate increases. From the mayor's office:

Mayor Luke Ravenstahl tomorrow will release the draft concessionaire agreement for the proposed monetization of the City’s parking assets. The Mayor proposed this plan more than a year ago in order to save the City from a state-takeover of its pension assets. The takeover would have forced the City to pay nearly 80 million in pension payments, resulting in cuts in services or increased taxes.

 

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