Stratford car parks making thousands in profit - The Stratford Observer

Stratford car parks making thousands in profit

CAR parks have been busy in the past year after making £110,000 more profit than expected.

Stratford District Council say they budgeted for the car parks to make around £700,000 after all expenditure had been met.

But they are currently running at £110,000 more than expected with an extra £15,000 underspend on repairs and equipment maintenance.

The council believe an increase in tourism has led to the rise, but say the weather also had a lot to do with how many use the car parks.

A spokeswoman told the Observer: “March usually sees an increase in tourism and visitors to the town and as such we would expect the car park income to be higher than winter months.

“Car park income is related to the weather and any period of inclement weather reduces car park income.

“The replacement of parking equipment is on schedule and expenditure on this has therefore been kept to a minimum. If there is a major equipment failure or a delay in the replacement of the machines this underspend my well be reduced.”

There are 24 council-owned car parks in the town, Shipston, Henley, Southam, Studley, Alcester and Bidford.

Parking in the town costs between £1 for an hour and £20 for 72 hours.


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