I wonder how long it will take before the City decides to increase the
charge for owning parking spaces now that these pod locations are
owned by a for-profit company.
-Lewis
On Aug 9, 2011, at 11:52 AM, William H. Magill wrote:
The announcement below was sent to PhillyCar Share members.
The interesting verbiage from the Press release…
http://www.phillycarshare.org/wp-content/uploads/2011/08/EHI-acquires-PCS.pdf
"The acquisition closes tomorrow, Aug. 10. Financial terms of the
transaction will not be disclosed. PhillyCarShare will operate as a
for-profit service, and the brand name will be maintained during the
integration process. Almost all PCS staff members have been offered
positions."
It looks like the sale might be related to taxes as much as
anything, (loss of 501c status?) as the press release contains the
following...
In June 2010, a New York Supreme Court Justice found that car
sharing “is in 'the trade or business of renting or leasing motor
vehicles' as those words are traditionally and plainly understood."
In addition, the judge wrote: "This bargain – use of a car in
exchange for a fee – appears little different from ‘traditional
rental car’ companies...”
I'm not certain why that reference is in the press release… pretty
much out of context where it is inserted.
Personally, based on my past experience with the acquisition of
National Car Rental by Enterprise/Almo, I expect rates to go up and
service to go down.
In any event, it is good to see that Private Enterprise has decided
to "support" the shared vehicle model and be a tax paying, instead
of tax consuming entity.
(BTW, Enterprise is hardly a "small business" with annual revenues
of 12.6 Billion and #17 on Forbes "Top 500 Private Companies in
America.")
Begin forwarded message:
Subject: PhillyCarShare Announcement
Date: August 9, 2011 8:43:13 AM EDT
We have some exciting news to share with all PhillyCarShare members
and community supporters.
Enterprise Holdings has acquired PhillyCarShare, which not only
will provide an influx of new vehicles and additional resources,
but also enrich each member’s car-sharing experience. We see this
as a unique opportunity to improve operational efficiencies,
enhance financial stability and increase long-term customer
satisfaction. A copy of the press release can be found here.
Please keep in mind that all existing memberships and reservations
will be transferred with no interruption of service. And both fuel
and 24-hour roadside assistance will be part of your PhillyCarShare
membership. In addition, the following enhancements and changes
will be coming soon:
• Newer cars
• More rate options
• More vehicles in more neighborhoods
• Streamlined driver approval process
To help celebrate this ground-breaking announcement, we are
soliciting your suggestions for new and/or expanded pod locations.
(Note that the hourly car share rate includes up to $300,000 in
liability protection, and the driver’s responsibility for physical
damage is $500.)
We are proud that PhillyCarShare will be part of the Enterprise
family and the company’s customer service legacy. We also are
excited to be able to continue offering important and sustainable
local transportation options in the Philadelphia area, regardless
of whether the transaction is for an hour, a day or even longer.
Thank you again for your loyalty and dedication to PhillyCarShare.
Please don’t hesitate to let us know if you have any questions.
Best regards,
Gerald Furgione
Executive Director
PhillyCarShare
125 S 9th St Suite 1000 · Philadelphia, PA · 19107
(215) 730-0988
www.phillycarshare.org
William H. Magill
Block Captain
4400 Chestnut Street
[email protected]
[email protected]
4428 Chestnut Street
Philadelphia, PA 19104-2914
(267-402-0529)
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