The Carlyle Group is listed as a qualified bidder for a 50 year concession on Sacramento's downtown parking. Ten potential bidders have been approved. One might want to look over Chicago's parking experience.
Funds raised from selling city-owned parking garages would help build a new facility for the Sacramento Kings NBA team.
...with 58 years still left in the agreement, the private investors have already recouped their initial investment. In 2023, the meters generated a record $160.9 million in income, bringing the total income from the start of the deal to $1.97 billion.
