Banff, Canada, projects $6.5M in paid parking fees this year, exceeding initial estimates by $2M.
Banff, Canada, expects to generate $6.5 million from paid parking fees this year, surpassing initial projections by $2 million. This increase is due to higher hourly rates and more paid spots in the Bear Street parkade, with peak season rates set at $6 per hour and winter rates at $5. The town forecasts a year-end net surplus of $3 million, driven by additional revenues and expenses in the second quarter.
September 27, 2024
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