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Committee hears explanation for parking revenue shortfall after operator transition
Summary
Staff told the Finance Committee that changes in how Colonial/Impark paid operating expenses produced lower recorded gross garage revenue in 2025; the borough recorded net garage revenue because the operator paid payroll and other costs directly, altering budget vs. actual comparisons.
The West Chester Finance Committee on Nov. 12 was asked to reconcile an apparent gap between projected and recorded parking garage revenue after a transition in operations.
Staff explained that expectations when the borough transitioned garage operations to Colonial/Impark were that the borough would receive gross revenue and then reimburse Colonial for…
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