According to the below e-mail the monthly rates at Motorgate Parking Garage are going up this July equalizing the rates between residents and nonresidents. My prior email certainly did not cause this so don't blame me. Heck at these rates I just might buy a car.
-----Original Message-----
From: "Stephen Shane"
Date: Fri, 01 Feb 2008 17:15:57
To:
Subject: Re: Motorgate Parking Rates
After review, we have decided to increase the Motorgate rates, effective July 1, untouched for more than 6 years, by $10/month for residents (and employees of on island businesses) and $30/month for off island patrons, in both cases to $190/month, less than 1/2 of the rates available in Manhattan. We have under 200 off Island monthly parkers and just under 1000 resident parkers, with a total capacity of over 1300. The extra income will be ploughed back into Island operations to offset some of the relentlessly escalating expenses.
Questioning of those with institutional memories only gets hazy recollection of differential parking rates to try to attract off Island users to enhance the revenue stream during dire budgetary periods.
Stephen H. Shane
President & CEO
Roosevelt Island Operating Corp.
President & CEO
Roosevelt Island Operating Corp.
Posts
Um, let's see. So many questions: 1. Where is the documentation of the review? 2. Who decided to compare rates to Manhattan? 3. What is the justification for Motorgate charging more than municipal parking facilities in Queens? 4. A lack of institutional memory justifies arbitrary actions?
ReplyDeleteWhere did these people come from?
Clearly, if RIOC's e-mail is any indication of the decision-making process, it is clearly time for Tuesday's election and for some new blood to lead the organization.
The e-mails and decisions that come out of that place are just amazing.
Pricing rate structures for parking is a function of supply and demand. The savvy parking operator does not benefit from gouging, but a fundamental rule of the industry is that when your facility is consistently full and you begin to develop a waiting list, it's time to adjust the parking rates if you can.
ReplyDeletePlease send this useful information to Mr. Shane.