Standard Parking Corporation (STAN), headquartered in Chicago, Illinois, manages approximately 2,100 parking facilities containing over one million parking spaces in more than 330 cities across the United States and Canada. Last month the company was awarded contracts to provide its parking management services for the current and future Yankee Stadium in New York, the Washington Square Office Complex in Minneapolis, Minnesota and the Columbus City Center in Columbus, Ohio.
For the Yankee Stadium parking facilities, the company was awarded a multi-year contract by the Bronx Parking Development Company and the New York City Economic Development Corporation to provide parking management and special-event services at the ten existing parking facilities. These parking facilities currently serve Yankee Stadium. Standard will also operate the three additional garages to be built by 2010 in conjunction with construction of the new Yankee Stadium. Comprised of 9,500 parking spaces, the facilities will primarily serve the New York Yankees major league baseball team and represent the largest block of parking capacity anywhere in the City of New York.
Standard Parking has a contract to manage the parking operations at the Washington Square Office Complex in Minneapolis. The parking operation entails over 1,600 parking spaces in two garages and three surface lots. In addition to supporting the parking needs of the office complex, the parking facilities will provide parking for various other buildings, businesses and restaurants in the area.
For the Columbus City Center Parking Garages in Ohio, the company received a multi-year contract to manage its two parking facilities containing 4,400 parking spaces. Standard Parking will install pay-in-lane technology, upgrade existing control software, enhance credit card capabilities and add Standard Parking signature amenity programs. These changes will provide a cost efficient, customer-friendly operations platform.
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