It's true. According to a recent ‘action alert’ from the Hollywood Chamber of Commerce, the City of Los Angeles is planning to lease parking garages throughout Los Angeles – three in Hollywood – to the private sector for 50 years and $53 million dollars, in order to clear a large deficit in the city's overall budget – $44.75 million of which will go to the debt accumulated by construction of the Cinerama Dome garage. It’s called the P3 Parking Garage proposal.
Say NO to P-3!
Particular concern to the Hollywood business community – which affects our residential communities – is the proposal’s non-compete requirement that would prevent the city from constructing new garages within one-eighth mile of the concession garages. In layman’s terms, this means that the city agrees to not develop any garages in Hollywood for the next 50 years. Fifty years. We just started getting more parking and now the city wants to sell it off to private entities who will increase the price to the point of demise.
In this alert, the Chamber points out that Chicago recently leased their parking meters to a private company with much regret and believes that this action will be ill-fated for the city of Hollywood, tourism, businesses and residents, alike. It also reminds us of when Hollywood & Highland first opened back in 2001, the $10 parking rates discouraged visitors and nearly killed the center (remember?). It took years to get local residents to return.
It has taken the hard work of countless people – city officials, business owners and local residents – to get Hollywood to the point it is at today. Why kill future success by selling one of its most valuable commodities?
Desperate needs call for desperate measures, but leasing Hollywood parking garages for 50 years with a non-compete clause is a bit much, don't you think? The last thing Hollywood needs after a decade of success is a 'deal with the devil.'
Please take a moment to click on this link and sign the petition to ‘Save the Hollywood & Highland, the Cineramadome and Cherokee Parking lots.’ We must stand together, as a community, to help our local businesses thrive and stay in business. Not make things more complicated and difficult to succeed.
Say NO to P-3!
Save the Hollywood & Highland , the Cineramadome and Cherokee Parking Lots – Petition link
Particular concern to the Hollywood business community – which affects our residential communities – is the proposal’s non-compete requirement that would prevent the city from constructing new garages within one-eighth mile of the concession garages. In layman’s terms, this means that the city agrees to not develop any garages in Hollywood for the next 50 years. Fifty years. We just started getting more parking and now the city wants to sell it off to private entities who will increase the price to the point of demise.
In this alert, the Chamber points out that Chicago recently leased their parking meters to a private company with much regret and believes that this action will be ill-fated for the city of Hollywood, tourism, businesses and residents, alike. It also reminds us of when Hollywood & Highland first opened back in 2001, the $10 parking rates discouraged visitors and nearly killed the center (remember?). It took years to get local residents to return.
It has taken the hard work of countless people – city officials, business owners and local residents – to get Hollywood to the point it is at today. Why kill future success by selling one of its most valuable commodities?
Desperate needs call for desperate measures, but leasing Hollywood parking garages for 50 years with a non-compete clause is a bit much, don't you think? The last thing Hollywood needs after a decade of success is a 'deal with the devil.'
Please take a moment to click on this link and sign the petition to ‘Save the Hollywood & Highland, the Cineramadome and Cherokee Parking lots.’ We must stand together, as a community, to help our local businesses thrive and stay in business. Not make things more complicated and difficult to succeed.
Say NO to P-3!
Save the Hollywood & Highland , the Cineramadome and Cherokee Parking Lots – Petition link
Keep Parking in Its Place – Leron Gubler, President of the Hollywood Chamber of Commerce





