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Leasing Parking Garages Too Risky

Daily News 1/21/11

Re “L.A. must turn over parking garages” (Editorial, Jan 12):

In spite of the pre-eminent position parking garages have on the City of Los Angeles” Office of Finance Top Debtor’s List and List of Top Litigation Cases, Mayor Antonio Villaraigosa and the City Council want to lease the city’s parking garages to private operators. They would rather gamble on such an obviously risky concept than do what works.

Eliminating pension benefits that are highly spiked based on one final year of service, rather than on an average of three final years of service, would be more certain to save the city taxpayer funds while being fairer to other retirees.

Published inLetters to the Editor

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