Quote:
Originally Posted by Mr Tall Forehead
His math is way, way, way off...
I think he's trying to say that if you had a 200 stall parking lot...and you charge $2.50 for 30 minutes...that amounts to $120 per day ($5.00/hour x 24). (Umm...not quite the going rates I've seen in Winnipeg  ).
So using Geminiman logic...200 stalls x $120/day x 365 days/year = $8.76 million a year...and in a few years he'll have...
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True, but I think TV is being overly conservative. Forks is open 15 hours a day? If a spot is occupied half that time at $2.50 an hour that still over $6k a year. Twice what a monthly rental would get you.
Looking at FNPs balance sheets, they net about $3m in revenue on $6m gross on parking.
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