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I have a friend in parking in LA. People tend to think these parking lot operators are dimwitted but they're extremely intelligent, shrewd businessmen. Its a cu
by cannaceo 7y ago
I have a friend in parking in LA. People tend to think these parking lot operators are dimwitted but they're extremely intelligent, shrewd businessmen. Its a cutthroat industry with deep mafia ties.
You can effectively use control of parking lots to squeeze all the margins out of local businesses such as restaurants.
- dba7dba 7y agoFrank McCourt was a really really hated owner of Dodgers for a few years until 2012. When Frank McCourt sold Dodgers to Magic Johnson led group in 2012, he held onto 50% of the Dodger Stadium parking lot. Yup, a guy sold Dodgers for a few billion bucks, but he still knew to hold onto the parkint log. https://bleacherreport.com/articles/1120695-dodgers-sale-details-mccourt-still-owns-the-parking-lots-fans-need-to-resist https://bleacherreport.com/articles/1120695-dodgers-sale-det...