As Scranton Parking Garage Costs Soar, Demolition An Option

Maintaining Scranton’s five parking garages would cost $26 million over 40 years, while demolishing one or two of the older structures that need significant repairs could drop that figure substantially, according to a new analysis.

A June 3 report by Chicago-based consultant Desman Design Management titled “Parking System Due Diligence Market and Revenue Analysis” is the latest step in Mayor Bill Courtright’s plan to unload the Scranton Parking Authority’s five parking garages — Medallion, Casey, Connell, Electric City and Linden.

The aim is to “monetize” through privatization, either leasing or selling, the authority’s underused, high-debt parking garages that have 2,659 spaces, as well as the 1,479 city-owned parking meters. The goal is to reduce the amount of SPA debt the city guarantees and covers in annual bailouts.

The authority retained Desman to assemble various elements of the parking system for evaluation by potential bidders on a lease or sale.

Read more:  http://thetimes-tribune.com/news/as-scranton-parking-garage-costs-soar-demolition-an-option-1.1896326

Scranton City Council OKs Revised Recovery Plan

Scranton City Council on Thursday passed the first of three votes needed to adopt a revised Act 47 recovery plan.

Council voted 4-0, with President Bob McGoff and Councilmen Joe Wechsler, Wayne Evans and Bill Gaughan all in favor, to introduce an ordinance to adopt the recovery plan crafted by the city’s Act 47 recovery coordinator, Pennsylvania Economy League.

Councilman Pat Rogan was absent.

Before the meeting, council held a caucus with PEL officials Gerald Cross and Joseph Boyle, city Business Administrator David Bulzoni, and Jim Rose of the state Department of Community and Economic Development, which oversees PEL.

Read more:

http://thetimes-tribune.com/news/scranton-council-oks-revised-recovery-plan-1.1844068

Error in Scranton Budget Puts Bottom Line Off By Nearly $800,000

Turns out Scranton didn’t balance its 2015 budget.

Through an error, the city budgeted $783,000 more in expenditures than revenues, city Controller Roseann Novembrino told the mayor and council. She said it needs to be amended to fix the mistake.

City Business Administrator David Bulzoni said he made an error while creating the budget by inputting an incorrect figure from one line item instead of a total number for that one line and three others in the same group.

The four items, which involve lease expenditures, total $833,082.87. Instead of inputting that total amount when adding up that section, Mr. Bulzoni said he used the figure that was above it, $50,000, which was only for the last lease in the group. That resulted in an understating of expenditures by $783,082.87.

Read more: http://thetimes-tribune.com/news/error-in-scranton-budget-puts-bottom-line-off-by-nearly-800-000-1.1821319