Actually, they've already done it. An article in the paper about a week ago noted that the cost of a reserved valet-parking space was increasing substantially, to the extent that many restaurants were choosing not to renew their agreements with the city.
On Aug 9, 2011, at 1:29 PM, Lewis Mellman wrote: > 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) >> >> >> >> >> >> >> >> >> >> >> ---- >> You are receiving this because you are subscribed to the >> list named "UnivCity." To unsubscribe or for archive information, see >> <http://www.purple.com/list.html>. > > ---- > You are receiving this because you are subscribed to the > list named "UnivCity." To unsubscribe or for archive information, see > <http://www.purple.com/list.html>. ---- You are receiving this because you are subscribed to the list named "UnivCity." To unsubscribe or for archive information, see <http://www.purple.com/list.html>.
