Cincinnati parking

Cincinnati's City Manager released more details Tuesday about 8 of the 9 companies that submitted proposals to operate some of the city's parking facilities. 

Milton Dohoney, Jr. said in a memo 3 of the firms are offering an upfront payment ranging from $100 to $150 million plus revenue sharing provisions. 

A city union will not oppose plans to privatize the operation of some Cincinnati parking facilities in exchange for pay raises and a pledge from the city not to layoff any bargaining unit employees for 3 years.  

The specifics are detailed in a memorandum of understanding between the city and the American Federation of State, County and Municipal Employees.  

25 union members will lose their positions in the parking division, but they'll be transitioned to other city jobs.