The Beacon Center- At a time when Nashville has abused our tax dollars in the midst of a crisis and is now hitting up taxpayers for even more money, we hate to be the bearers of bad news but it gets even worse.
Because of a poorly-negotiated and even more poorly-executed deal, Nashville is losing out on even more money than we originally thought due to its own negligence. If you’ve been in downtown Nashville anytime recently, you’ve probably noticed that valet stands have started to replace metered parking spaces. What you probably don’t realize is that per metered parking space, Nashville collects on average over $6,000 annually. Each valet stand takes up about three spaces, which is over $18,000 per stand per year that the city could be taking in each year to offset some of their more egregious expenses.
The law does state that the business that’s utilizing the valet stand must pay the city the amount that is lost, plus a $50 fee per stand. Unfortunately, Nashville isn’t actually collecting the money. That’s right, the city has never collected the revenue that is due to them. So next time you get a tax bill from Nashville, do the math and see how many lost parking spaces it would take to cover it for you.
Solution: City governments should honor taxpayers above all else in deals they make with private entities, from the front-end when making the deal all the way through enforcement.
on the eighth day of Christmas, the government gave to me… parking spots that are basically free
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