05/30/2026
Lets provide a little background here regarding the Reading Parking Authority (RPA). It was created with the good intention of building cost effective and convenient parking for all the big businesses moving into the downtown in the 1970s and 1980s including CNA insurance, Aetna Insurance, Exide Battery, Meridian Bank, Corestates Bank, Citizens Bank, American Bank, etc... thousands and thousands of employees that all needed parking and big companies that did not want to be involved in building parking garages. Since then, for various local, national, and global issues, thousands of those jobs are no longer in the area.
Then about 2010 the city entered ACT 47 (a form of municipal pre-bankruptcy) and worked out a deal for the RPA to pay the city millions to balance the budget, plus there were decades of deferred maintenance on the parking garages, together the RPA ended up in its current situation.
Now, in 2026, the RPA is stuck with lots of big garages in the downtown that are mostly vacant (See photos), lacking the funds to clean and maintain them as they should be (see photos), and still saddled with over $30 million of bonds still payable (of which the city has guaranteed).
Remember, these garages are all publicly owned, so they pay no real estate taxes. They just sit mostly empty tying up lots of downtown land and needing more ticketing revenue for maintenance.
To make up for this revenue shortage, the RPA has to either charge high rates for downtown event parking or high rates for parking tickets, or both, and try to stop any competition. But higher rates are exactly the opposite of the RPA's mission of convenient and cost-effective parking.
Monday night at 5pm there is a public hearing at City Hall that will address RPA zoning issues which is a start to fixing this issue.
Your thoughts on a solution?