New contracts put a little more cash in bare CTA coffers

The CTA keeps chipping away at that gaping $300 million hole in the 2010 budget.

Wednesday our much-loved transit agency announced two new contracts that should net at least another $400,000 per year, and maybe more.

Parking lot management. Central Parking System Chicago Parking will pay the CTA a minimum of $1 million per year, or 49.5% of net revenue, whichever is greater. CPS will operate, manage and maintain 11 park and ride facilities, plus maintain all the CTA's under-El parking areas.

CPS will buy, install and maintain new fee collection equipment the 11 locations -- equipment that will accept payments by credit card, cell phone and cash. see the continuation for the 11 locations.

Over the last five years, the CTA earned an average of $677,000 a year in revenue under the contract with Standard Parking. So this is a good little step forward in revenue. Red more details here.

Soda vending machines. Coca-Cola won a three-year contract with two one-year options to provide soft drink vending machines on CTA properties. The contract over five years is expected to generate about $283,000 annually, or about $55,000 more than the last contract.
CTA Parking Facilities Now Managed by CPS
Park & Ride Facilities*

Cumberland Garage
54th/Cermak
Ashland/63rd
Halsted/Archer
35th/Archer
48th/Kedzie
49th/Western
51st/Pulaski
Midway
Kimball/Lawrence
Garfield
*In addition to the Rosemont Park & Ride facility, already managed by CPS

Under 'L' Parking Facilities

Locust/Walton
Chestnut/Locust
Walton/Oak
Oak/Wendell
California/Marshall
Cleveland/Mohawk
14th Street/14th Place
14th Place/16th Street
16th Street/18th Place
18th Street/Cullerton
Cullerton/21st
21st/Cermak
23rd Street/24th Street
47th Street
13th Street/14th Street
13th Street/Hastings
Bloomingdale/Moffat
Western/Campbell
Washtenaw/California
Newport/Cornelia
Roscoe/Newport
Waveland/Grace
Dakin/Sheridan
Southport (3408-3412)
Sheffield/Webster (950 Webster)
North/Concord
Caton/Wabansia
Berteau at Ravenswood
California/Milwaukee/Lyndale
Milwaukee/Fullerton/Sacramento
Milwaukee/Medill/Fullerton

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  • Will this include the currently being built, Wilson stop Park & Ride?

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