CHICAGO, March 26, 2008 (PRIME NEWSWIRE) -- Standard Parking Corporation (Nasdaq:STAN), one of the nation's leading providers of parking management services, announced that it has been awarded contracts to provide its parking management services for the current and future Yankee Stadium in New York, the Washington Square Office Complex in Minneapolis, Minnesota and the Columbus City Center in Columbus, Ohio.
Yankee Stadium Parking Facilities
Standard Parking was awarded a multi-year contract by the Bronx Parking Development Company and the New York City Economic Development Corporation to provide parking management and special-event services at the ten existing parking facilities currently serving Yankee Stadium plus three additional garages to be built by 2010 in conjunction with the construction of the new Yankee Stadium. These facilities, comprising 9,500 parking spaces, primarily serve the New York Yankees major league baseball team and represent the largest block of parking capacity anywhere in the City of New York. Standard Parking plans to upgrade all existing facilities and implement state-of-the-art, prepay-to-park technology to enable event customers to purchase parking online in advance. A valet parking option also will be made available at Yankee Stadium events.
"This award underscores Standard Parking's role as a major player in the New York sports and entertainment facilities parking market, building upon our leadership position in this market segment nationwide," said Steven Aiello, Standard Parking's Senior Vice President for Operations in New York. "We look forward to the challenge of offering first-rate parking services to the fans and associates of one of major league baseball's most storied and historic franchises."
Washington Square Office Complex
National Office Partners awarded Standard Parking a contract to manage the parking operations at the Washington Square Office Complex in Minneapolis. The parking operation entails over 1,600 parking spaces in two garages and three surface lots. In addition to supporting the parking needs of the office complex, the parking facilities provide parking for various other buildings, businesses and restaurants in the area.
Columbus City Center Parking Garages
The Columbus Downtown Development Corporation awarded Standard Parking a multi-year contract to manage its two Columbus City Center parking facilities, containing 4,400 parking spaces. Standard Parking will install pay-in-lane technology, upgrade existing control software, enhance credit card capabilities and add Standard Parking signature amenity programs in order to provide a cost efficient, customer friendly operating platform. "We look forward to working with the Columbus Downtown Development Corporation to enhance the future of downtown Columbus," noted Standard Parking's Executive Vice President and Chief Operating Officer, Thomas L. Hagerman.
Standard Parking Corporation, with more than 12,500 employees, manages approximately 2,100 parking facilities containing over one million parking spaces in more than 330 cities across the United States and Canada, including parking-related and shuttle bus operations serving approximately 60 airports.