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West Chester parking garages report solid November revenue; vendor error left $20 event rate active at Bicentennial
Summary
Colonial Parking reported November garage revenue of $216,261 and year-to-date net operating income well ahead of prior year, while a vendor error kept a $20 special-event rate active at the Bicentennial garage after the Christmas parade; about $1,300 in refunds were later noted.
Chris Hankins of Colonial Parking told the West Chester Parking Committee that combined garage revenue for November totaled $216,261 and that year-to-date net operating income for the two garages is about $900,575, "again, above budget and well ahead of November '24." He said contract-parker counts were 295 at Bicentennial and 710 at Chestnut Street, a combined 1,005 contract parkers.
Hankins said Thanksgiving weekend parking rose year over year, from 2,150…
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