The SPA is a public enterprise which is financially independent of the city of Springfield. It uses fees collected at its parking facilities to cover the costs of operation and debt service. The SPA develops its budget based on a break-even analysis and raises its revenues only when needed to cover its cost including capital repairs. The SPA issues its own bonds (with the approval of the mayor), owns property, enters into contracts in its own name, and may exercise its power of eminent domain with the prior approval of the mayor and city council. It also issues its own Parking Violation Notices (parking tickets) for rules infractions in its parking facilities.
View Top Employees from Springfield Parking AuthorityWebsite | http://www.springfieldparkingauthority.com |
Revenue | $21 million |
Employees | View employees |
Address | 150 Bridge St, Springfield, Massachusetts 01103, US |
Phone | (413) 273-8440 |
Fax | (413) 787-6165 |
Industry | Automotive Service & Collision Repair, Consumer Services |
Competitors | PRK-MOR, INC. |
SIC | SIC Code 752 Companies, SIC Code 75 Companies |
NAICS | NAICS Code 81 Companies, NAICS Code 812 Companies, NAICS Code 812930 Companies, NAICS Code 81293 Companies, NAICS Code 8129 Companies |
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The Springfield Parking Authority annual revenue was $21 million in 2024.
Springfield Parking Authority is based in Springfield, Massachusetts.
The NAICS codes for Springfield Parking Authority are [81, 812, 812930, 81293, 8129].
The SIC codes for Springfield Parking Authority are [752, 75].