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Parking garages report year-to-date gains; Bicentennial coating project depressed some September results
Summary
Colonial Parking reported September and year-to-date revenue figures, contract parker increases, average stay and event-day usage for West Chester garages.
Colonial Parking presented September and year-to-date performance figures for West Chester garages at the Oct. 7 Parking Committee meeting, reporting year-to-date net operating income ahead of budget and noting that a coating project at the Bicentennial Garage reduced September transient revenue.
Chris Hankins of Colonial Parking reported total revenue for September of $227,928, operating expenses of $52,823 and net income of $175,105. Year-to-date revenue was about $2,008,000 with operating expenses of $472,554, yielding a net operating…
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