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Metropolis/SP Plus proposes zero CapEx option with a fixed management fee
Summary
Metropolis (owner of SP Plus) told commissioners it could implement parking operations with no out‑of‑pocket capital cost to the city and proposed a management-fee model estimated at about $266,022 annually under certain assumptions.
Representatives from Metropolis/SP Plus said their model focuses on being resident-friendly and minimizing upfront cost to the city. Ryan, director of business development, told the commission Metropolis can deliver equipment and operations with "0 CapEx" for the city and emphasized an onboarding and communication plan during a 30-to-60-day startup window.
Ryan and regional vice president Travis Jarrett described a management-fee structure — rather than a revenue-share — that would be a fixed annual payment to the vendor. Ryan cited an underwriting scenario showing around $2,400,000 in revenue under certain assumptions and an associated management fee of about $266,022 per year. The presenters said they favor an approachable enforcement presence (golf carts and leave-behind notices) rather than heavily punitive tactics and offered validation options for churches, B&Bs and special events.
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