Minneapolis is sticking with a Los Angeles-based company for one of its largest contracts — managing the city's massive parking system.
The City Council on Friday voted to negotiate a new contract with ABM Parking Services, which oversees 17 public parking ramps and eight surface lots totaling 22,000 stalls altogether. It is the city's third-largest vendor contract by annual payments, totaling about $22 million in 2014.
The city makes the money back in parking revenue, which was about $30 million in 2014, according to a city staff report. Operating costs have also been falling due in part to increased automation, which requires less staff.
ABM's Minneapolis operation is branded as MPLS Parking. One other firm, Connecticut-based Laz Parking, submitted a proposal for the contract.
The city switched to ABM (formerly called Ampco) in 2006, after more than 30 years with local company Municipal Parking Inc. They signed another contract with ABM in 2011. The length of the new ABM contract hasn't been determined, though the request for proposals sought a three-year agreement with two one-year extensions.
The measure passed unanimously through the City Council's transportation committee and full meeting without discussion.