Colonial Parking reports June revenue and proposes rate changes for West Chester garages

Chris Hankins of Colonial Parking presented the garage performance report for June, saying total revenues were $233,991, operating expenses were $41,897, and net operating income was roughly $192,094. Hankins provided operational statistics including 979 contracted parkers across both garages, average transient daily revenue of $4,219, average tickets per day of 1,079 and an average ticket value for June of $3.91.

Hankins outlined possible rate changes the committee could consider: moving from 30‑minute increments (75¢ per half hour) to 1‑hour increments (proposed $1.50 per hour), reexamining the daily maximum (currently $9) with comparables averaging $12.33 and a possible daily maximum of $12, revising lost‑ticket charges to reflect multi‑day stays, and adjusting Saturday evening pricing (proposal: $6 after 6 p.m. instead of $5 after 5 p.m.). “We've been taking a look at the rates with Ramsey and Monica,” Hankins said, adding the daily and transient rates were last adjusted about eight years ago.

Committee members and attendees questioned the impact on downtown businesses and suggested alternatives, including raising on‑street meter prices to encourage garage use; one member asked for a simple chart comparing current and proposed structures, which staff agreed to provide for the next meeting. Colonial Parking noted that about 16% of garage users would be affected by a change in the daily maximum. The presentation included operational notes: power washing underway at the Bicentennial garage and two elevators operational at the Chestnut Garage with elevators being contracted for maintenance.

No formal rate change was adopted at the meeting; the committee asked staff to return next month with a rate‑comparison sheet and a formal proposal.