No.
Revenue from the city’s downtown parking plan has not exceeded initial investment costs or yearly maintenance fees as of August 2026.
As former assistant city manager Troy Anderson noted, the city paid Car Park $1,638,539 in management and capital investment fees between July 31, 2025 to June 30, 2026. Meanwhile, July 2025 revenues to the end of the year totaled $229,049.38. Revenues from January 2026 to the end of June totaled $412,416. This adds to revenues being about 40% short of initial investment so far.
The city’s entire parking fund also operated at a loss before paid parking downtown was implemented in 2025. Between 2018 and 2024, total deficits were $1,041,105 while revenues totaled $257,917. In 2025, its deficits were $3,887. This includes the one time capital investment of $543,821 to install Car Park kiosks and get the paid parking plan implemented…