West Chester parking garages report $169,049 net income for March

Colonial Parking presented March performance figures to the West Chester Parking Committee showing total garage revenues of $233,736, operating expenses of $64,686 and a net income of $169,049 for the month.

Chris Henkins of Colonial Parking told the committee the March net income was slightly higher than budget for the month, and year-to-date net operating income stood slightly below the year-to-date budgeted amount ($519,71X reported versus $529,576 budgeted). Henkins also reported 1,005 contract parkers in March, an average combined transient revenue figure and an average combined tickets-per-day count of 932 for March, with the Chestnut Street garage showing a dip in transient revenue compared with the prior year.

Henkins pointed to event impacts and specific peak days: the "No Kings" rally on March 28 generated 514 transient parkings between 11:00 a.m. and 1:00 p.m.; a March 6 peak at the Chestnut Street garage saw 172 parkers between 6:00 p.m. and 7:00 p.m.; the Bicentennial garage peaked on March 4 between 5:00 p.m. and 6:00 p.m. Committee members asked staff to report how often garages are full; Henkins said Bicentennial fills frequently on busy Fridays while Chestnut Street rarely fills in normal months.

Staff agreed to compile month-by-month fill-frequency data and provide a follow-up showing how often signage reports "full" corresponded to actual capacity limits. The committee did not take any formal action on financials; members used the report to flag operational questions about Friday/Saturday peak capacity and to request additional occupancy/fill-rate data.