STOCK TITAN

City of Rochester, Minnesota, Selects SP Plus Corporation to Bring Technology-Based Solutions to Parking Operations

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

SP Plus Corporation (SP), a leader in technology-driven mobility solutions, has been awarded a contract by the City of Rochester, Minnesota, to oversee parking management services. This includes the management of over 4,300 parking spaces across six ramp facilities and five surface lots, along with on-street meter collection services. SP+ aims to enhance customer service and revenue through technology innovations such as mobile apps and its Sphere™ technology suite, which offers on-demand reservation and payment options. The collaboration emphasizes SP+'s commitment to improving the consumer experience in Rochester.

Positive
  • Contract with the City of Rochester to manage over 4,300 parking spaces.
  • Implementation of technology-driven solutions to enhance customer service and operational efficiency.
  • Introduction of Sphere™ technology for on-demand reservations and touchless services.
Negative
  • None.

CHICAGO, May 02, 2022 (GLOBE NEWSWIRE) -- SP Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, has been selected by the City of Rochester, Minnesota, to provide parking management services.

Under the agreement with the City, SP+ now manages more than 4,300 parking spaces located within six public parking ramp facilities and five surface lots, which includes special event management services during convention center events. SP+ also provides on-street meter collection services.

“SP+ identified technology-based solutions with mobile apps, updated website and a response command center that would provide lower labor costs, increased customer service levels and opportunities to improve revenue,” said Ia Xiong, Transit & Parking Manager for the City of Rochester.

In addition to the website development, mobile parking apps and remote management options that SP+ presented to the City, they also bring the company’s own Sphere™ technology suite that offers on-demand reservation and payment options and other touchless services that appeal to residents, employees and visitors.

“Rochester is an exceptional community and we are excited for the opportunity to work with the City to bring our mobility expertise and new technology to its residents and visitors,” said Chris Tretter, Senior Vice President of Midwest Operations for SP+.

SP+ facilitates the efficient movement of people, vehicles and personal belongings with the goal of enhancing the consumer experience while improving bottom line results for our clients. The Company provides technology-driven mobility solutions, professional parking management, ground transportation, remote baggage check-in and handling, facility maintenance, security, and event logistics to aviation, commercial, hospitality, healthcare and government clients across North America. For more information, visit www.spplus.com.

CONTACT:
Jill Nagel, Senior Communications Manager
jnagel@spplus.com | 312-274-2102


FAQ

What services will SP Plus provide to Rochester, Minnesota?

SP Plus will manage parking services including over 4,300 parking spaces, on-street meter collection, and special event management.

How does SP Plus plan to enhance parking services in Rochester?

SP Plus will utilize technology-based solutions such as mobile apps and its Sphere™ technology for improved customer service and revenue management.

What is the significance of SP Plus's contract with Rochester?

The contract highlights SP Plus's role in facilitating efficient mobility solutions and improving the parking experience for residents and visitors in Rochester.

When was the contract between SP Plus and Rochester announced?

The contract was announced on May 2, 2022.

What technology does SP Plus use for parking management?

SP Plus employs its Sphere™ technology suite, offering on-demand reservation and payment options along with touchless services.

SP Plus Corporation

NASDAQ:SP

SP Rankings

SP Latest News

SP Stock Data

1.07B
19.02M
3.08%
98.36%
5.57%
Specialty Business Services
Services-auto Rental & Leasing (no Drivers)
Link
United States of America
CHICAGO