Central Parking Awarded Contract with City of Portland

The contract was awarded to Central Parking at the recommendation of an evaluation committee which included downtown retailers. The committee evaluated several proposals to manage the SmartPark operation before selecting Central Parking. The Portland City Council formally approved the committee's recommendation to award the $30 million contract to Central Parking in January. Central Parking has extensive experience with city contracts, with over 50 city and government contracts under their management.

Jerry Skillett, Vice President of Central Parking, said, We are honored to become the city's new business partner and would like to express Central Parking's commitment to improving the management of the city's 3,825 parking spaces in the SmartPark system. Skillett added, Central Parking will be utilizing innovative promotions with downtown businesses, introducing the next generation of high-tech parking applications and modernizing the existing SmartPark business model so customers will see a profound improvement in Portland's SmartPark garages.

Roy Jay, who partnered with Central Parking, said, Customers will begin to see improvements in service and greater efficiencies in the SmartPark garages in the weeks ahead. We are bringing state-of-the-art technology to Portland's SmartPark venues that will forever change the parking industry in Portland. Times have changed and consumers want efficiency and that is what we are bringing to the SmartPark garages.

About Central Parking

Central Parking is a leader in parking management and marketing, serving large and small property owners, infrastructure funds and governmental clients to maximize service, revenue and value in all geographies and service sectors including: mixed-use developments, office buildings, hotels, stadiums and arenas, airports, hospitals, universities and municipalities. With offices in most major metropolitan areas in the United States, the Company operates approximately 2,300 parking facilities containing 1.1 million spaces and its service brands include: Central Parking System, USA Parking, CPS Parking and New South Parking.