Would be good to have more parking operators

Stuff reports:

Wilson could be forced to give up a parking building in central Wellington, as it faces court action alleging it “substantially” lessened competition in the area.

The Commerce Commission said it had filed proceedings in the High Court at Wellington against Wilson Parking over its acquisition of a large multi-level car park at 50-60 Boulcott Street in 2016.

It is seeking both penalties and to force the company to lose the lease.

In a statement, the competition watchdog said that in 2015, Wilson Parking was granted clearance obtain the nearby Plimmer Towers carpark, pointing out at the time that the company would face “competitive constraint” because a rival operated the Capital carpark on Boulcott St. 

There seem to be just two parking companies in Wellington. That’s better than one, but competition is limited.

Would be great to have more companies out there but I imagine it is a hard market to enter as you need high capital and good locations.

 

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