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Front Page » Breaking News » New paid parking in Miami

New paid parking in Miami

  • www.miamitodayepaper.com
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Written by on March 10, 2017

The Miami Parking Authority will establish paid parking on property at 811 NW First Court, owned by the Southeast Overtown/Park West Community Redevelopment Agency (CRA), as part of a contract with the agency.

The authority will use PayByPhone and Pay-By-Plate systems for 250 parking spaces in the vacant lot. The agreement will provide the parking authority with a management fee of 15%, and an additional net income sharing return of 15% throughout the initial five years; 85% of net income will go to the CRA. The authority operates and manages the off-street parking facilities in the city.

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