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April garage revenue spikes as Colonial Parking reports maintenance priorities
Summary
Colonial Parking told the committee April garage revenue rose to $248,562 after some large, multi-month payments; staff highlighted elevator reliability and fire-suppression contracts as maintenance priorities and recommended future RFQ for elevator service.
Chris Hankins of Colonial Parking presented April financials to the West Chester Parking Committee on May 13, reporting total April revenue of $248,562 and operating expenses of $49,066, producing net operating income of $199,496. Hankins said the April revenue surge reflected timing: several large groups paid multiple months in April — for example, Hotel Indigo and Chester County — which lifted month-to-month…
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