SP Plus Corporation (SP+), (Nasdaq:SP), a leader in parking management, ground transportation and ancillary services, announced that SP+ Municipal Services has been awarded a long-term contract to manage a new comprehensive parking program for the City of Annapolis, MD. The program encompasses management of approximately 2,000 off-street and on-street parking spaces as well as the provision of shuttle bus, marketing and reservation/on-demand services.
“We’re pleased to partner with the City to help the residents and visitors of Annapolis with their transportation needs–from parking options to shuttle services and beyond,” stated Thomas L. Hagerman, Executive Vice President and Chief Business Development Officer for SP+.
Among other things, SP+ will oversee system improvements that include installation of state-of-the-art license plate recognition technology and parking analysis systems. Additional multi-space parking meters also will be installed.
“The new program ultimately will provide the general public with greater accessibility to a wider range of parking and transportation services,” added Roamy Valera, Senior Vice President and Director of Municipal and Institutional Services at SP+. “We’re working hard to make sure that all program services are convenient and easy to use for everybody.”
SP+ has already assumed management for the on-street meter maintenance, citation processing and parking enforcement. The Company will begin managing the off-street garage operations on April 1, 2016.
SP+ provides professional parking, ground transportation, facility maintenance, security, and event logistics services to property owners and managers in all markets of the real estate industry. The Company has approximately 22,000 employees and operates approximately 3,900 parking facilities with 2 million parking spaces in hundreds of cities across North America, including parking-related and shuttle bus operations serving more than 65 airports. USA Parking System, a wholly owned subsidiary, is one of the premier valet operators in the nation. The company manages more four and five diamond luxury properties, including hotels and resorts, than anyone else. The Company’s ground transportation division transports approximately 40.2 million passengers each year; its facility maintenance division operates in dozens of U.S. cities; and it provides security services in several states. The Company also provides a wide range of event logistics services. For more information, visit www.spplus.com.
