Parking is a hot topic in Revere, especially when it comes to commercial parking lots. On June 19, the License Commission held a public hearing to discuss parking lot fees, something they visited back in April when they increased the fee from $25 to $365 per space, an increase lot owners were not happy to receive.
Al Dâ€™Amico, who owns the lot at 646 Ocean Ave. said the fee cuts 50 percent into his profits from his 176-space lot. He noted that it costs him $61,000 a year to operate the lot.
â€œAny additional cost would make it unprofitable for me,â€ he said.
Jim Arcotte, of Select Parking at 60 VFW Parkway, said he agrees the licensing fee needs to increase because it hasnâ€™t in years, but he sees a big difference between â€œPark and Flyâ€ parking lots used as a storage facility. He has 500 parking spots himself.
â€œThe biggest problem is coming from the storage of vehicles,â€ he said, adding that the city collects $3 million in taxes from the Hampton Inn, Swifty and Select Parking. â€œ
He believes any increase in the fee should be modest.
â€œThis is a modest increase. A dollar a day doesnâ€™t seem to be a huge increase,â€ Commissioner Robert Selevitch said.
Commissioner Linda Guinasso said the fee has not been raised in 25 years
â€œIf we had done this we would have been somewhere around this now,â€ Guinasso said.
â€œIn Boston itâ€™s $60 per space per year. Setting it at $365 per space here seems like gouging,â€ said Jean Geary, owner of the 60-space parking lot next to the former Club Caravan.
She noted that the MBTA is changing its rates on August 1. During the week it will be $7 to park and on weekends the fee will be $2.
â€œItâ€™s mind boggling to see an increase of this scale,â€ said Jeff Balter, of the Hampton Inn. â€œI urge you to reconsider.â€
Selevitch suggested a two-tier parking system where a commuter lot pays $100 a space while Park and Flys pay $200 a space.
The commission is expected to make a decision on the fees at it July 19 meeting.