Scumbags Tournament Parking on a Fair Go special tonight.
The one thing you'll notice is the chief scumbag, one 'James Brown', does not appear on Fair Go, just sends condescending messages about how they're going to clean up their despicable act.
Avoid Tournament at all costs.
It was interesting how neither Wilsons nor Tournament came away looking too good. I can never understand why companies operate in such a negative way as it always comes back to bight them. Then they wonder why occupancy and profits drop.
Carpark operators are not the only ones that don't see their clients as customers. Airlines are as bad (eg Jetstar). I could go on for hours...
However, hopefully the upcoming govt review will give the carpark guys a rev up.
It was interesting how neither Wilsons nor Tournament came away looking too good. I can never understand why companies operate in such a negative way as it always comes back to bight them. Then they wonder why occupancy and profits drop.
And which carparks are suffering from reduced occupancy and falling profits?
Auckland commercial car parks are suffering. Daily charges have droppped in many commercial operations and competition is fierce. Car park building balance sheets of the big operators show reduced income (you can see these if you own carparks managed by a commercial operator). If you look up carparks for sale in Auckland on trademe you will also see that a number of them have been on the market for a while. Times are tough and carparking can be a significant cost, therefore it is cheaper to park in Auckand city fringe suburbs and catch a bus into the centre.
In my experience Buildings with on site parking were much easier
to let than "no Parking ones"
The more parking the better.
Words from folks in CHCH during the Swine flu scare. " Keep away
from the buses etc as they are the most likely places to get youself
infected."
Therefore I would wonder how the stat's stack up ??
1. are the regularly leased parks declining, if so why, & where are
they parking now. Cant see some top exec's riding a bus !!
2. if the decline is from the spot user's then congestion must
be comming down making it more attracive to the middle class
office workers and CBD clients surely.
3. Is this only an Auckland problem ?
A friend of mine lives in Karori Wgton, works CBD. It costs him
$10 a trip, thats $20 a day on the bus. Thats $100 a week just
to get to work !!. $5000 a year.
He bought a car park close to work for $28,000. Takes two locals
from up the street and they pay his petrol.
BB
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Originally Posted by Arbitrage
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