Parking meter shutdown results in revenue loss for state, city
WAIKIKI (HawaiiNewsNow) - The bankruptcy of a major parking lot concessionaire is costing the state and city more than $6,000 a day in lost revenue.
Moana Parking Management LLC filed for Chapter 7 liquidation in Delaware bankruptcy court on Friday, shutting down its parking lot pay stations at the Honolulu Zoo, the Pali Lookout, Diamond Head Crater and Akaka Falls on the Big Island.
"Our priority during this interim is to manage the crowds and vehicles at Diamond Head and to keep everyone safe," said State Parks administrator Dan Quinn. "We will work to implement new parking concessions as soon as possible," he said.
In Waikiki, zoo and beach goers were greeted with handwritten "out of order" signs this morning. For some, the offer of free parking looked too good to be true.
"I didn't believe the sign. I saw one and I was thinking someone probably put it up there as a joke," said Wailana Worthington of Ewa.
"When we saw the sign that said it was free we were excited because it's hard to find parking and you have to pay for parking."
Added Katrina Akina of Waimanalo: "I work in Waikiki and I now know I can park here if I have to look for parking."
According to the city, the zoo parking concession generates about $45,000 a month in revenues for the city, or more than $500,000 a year.
The three state parking lot, meanwhile, generate about $150,000 a month in revenues or about $1.8 million a year.
The state said staff from the Department of Land and Natural Resources are now manning its parking lots but are not collecting money.
It's unclear how long it would take for the state and city to find a new vendor. But it could take weeks since even an emergency contract could take that long to put in place.
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