City's parking authority rakes in record profits

It was a record year for the city of Montreal's parking authority.

Parking Montreal raked in $61 million from selling parking spaces in the city last year — up from $56 million in 2012.

A couple of factors are being cited — the first is Parking Montreal's smartphone app, which allows people to feed their meters using their phones or tablet computers.

More than 340,000 have downloaded the app since it launched two years ago.

Another factor the parking authorities are cities is perhaps less obvious — the Charbonneau Commission.

Parking Montreal says because of all the corruption and collusion allegations emanating from the Commission's hearings, there have been fewer construction projects approved in Montreal — and thus, more parking spaces.

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