CHICAGO, Jan. 3, 2012 (GLOBE NEWSWIRE) -- Standard Parking
Corporation (Nasdaq:STAN), one of the nation's leading
providers of parking management, ground transportation and
other ancillary services, and its SP Plus®
Municipal Services operating division, today announced four
new municipal contract awards. The awards, by the City of
Lawrence, Mass., the City of Milwaukee, the Casino
Reinvestment Development Authority of Atlantic City, N.J. and
the City of Miami Beach, Fla., expand the Company's
operational base of municipal clients.
The City of Lawrence award to the Company's SP
Plus® Municipal Services operating division
entails on-street enforcement, monetary collection and meter
repair services for over 1,000 City parking spaces. SP
Plu®s Municipal Services also will install and
maintain 115 new multi-space meters. The Company began its
operations in Lawrence on December
s1t.
Pursuant to the City of Milwaukee contract award, SP
Plus® Municipal Services began providing its
parking facility management services for four downtown public
parking garages, containing over 4,300 parking spaces, on
December 1st. The facilities serve a variety of
public and private venues in Milwaukee's central
business district.
Under the Casino Reinvestment Development Authority of
Atlantic City contract, the Company will manage the
Authority's newly constructed 1,200 space garage in the
heart of Atlantic City. The garage, which will provide
parking for tourists, area casinos and retail merchants,
utilizes the Company's Click and Park®
technology that enables customers to conveniently reserve and
pay for their parking online, in advance. The Company
commenced its management duties December
2s1t.
The City of Miami Beach on-street parking award involves 500
multi-space and 3,500 single-space parking meters. SP
Plu®s
Municipal Services will manage all aspects of the meter
operation, including collection of projected annual revenue
in excess of
$23 million. The Company expects to begin providing its
services under the new contract on February
s1t.
"We're pleased to be able to serve an increasing
base of municipal clients," said Thomas L. Hagerman,
Standard Parking's Executive Vice President and Chief
Operating Officer. "Our municipal parking specialists
are expert at maximizing the o-nstreet and off-street
revenues our clients derive from their parking assets, which
is especially important as municipalities search for every
budget dollar they can find."
Standard Parking is a leading national provider of parking
facility management, ground transportation and other
ancillary services. The Company, with approximately 12,000
employees, manages approximately 2,100 facilities, containing
over one million parking spaces in hundreds of cities across
North America, including parking-related and shuttle bus
operations serving more than 60 airports.
CONTACT: Michael K. Wolf
Executive Vice President (312) 274-2070 mwolf@standardparking.com
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