A celebration of Parking History


A celebration of Parking History

The Toronto Parking Authority celebrated the 10th anniversary of the first use of on line credit verification in North America last week. Seems the organization in concert with Zeag installed the first such system just a decade ago. Maurice Anderson of the TPA pioneered this technology in parking. He noted the significance of TPA implementing the first on-line credit card authorized parking management system, (CrediPark), in North America and the positive impact that CrediPark has had on customer service and convenience, not to mention the impact on enhanced revenue control and security.  CP43 laid the foundation for a city wide network of automated parking facilities in Toronto, all managed from a central location.

I see where both Standard Parking and Central posted a profit for the last quarter. Standards is a big turn aound from a year ago when it posited a loss for the same quarter. Central is still struggling a bit, with is profit down form a year ago. Look at the numbers — then you tell me…Standard and Central. How are these two parking giants doing? I’m no financial wizard but Standard seems to be getting a bit of a handle on it, while Central’s profit is slipping, and their stock is holding at about 14.


John Van Horn

John Van Horn

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