Thursday, October 27, 2011
ACS Inks Deal For Los Angeles Parking Program
Dallas-based ACS says today that it has inked a deal with the city of Los Angeles, to power a new program to help manage demand-based pricing for city. ACS said it will pilot a program called LA ExpressPark, which will adjust parking rates based on driver demand for spaces and availability. The firm said the pilot is funded by a $15M grant from the U.S. Department of Transportation, and could be worth as much as $29M if two option years are added. The deal includes the use of smartphone ifnformation, new parking meters, and a parking management system from ACS to handle processing of parking transactions. The win is not the first parking program for ACS, which says it has managed, and operated parking systems for more than 30 cities in the United States and 88 jurisdictions in the United Kingdom.