Committee recommends airport parking management contract with SP+SF joint venture to the full Board

The Government Audit & Oversight Committee on June 1 recommended that the full Board approve a five‑year Professional Services Agreement between San Francisco International Airport and SP+SF Joint Venture to manage public and employee parking facilities, airport impound operations and associated operations for a term from July 1, 2023 through June 30, 2028.

Kevin Cone, Assistant Chief Financial Officer for the airport, said the contract is the result of a competitive RFP and that SP+SF (a joint venture of SP Plus Corporation and SF Parking LLC) was the highest scoring proposer. Cone said the proposed contract includes performance metrics and an incentive fee tied to customer service and operational goals. The airport projects total parking revenues of roughly $739 million over the five‑year term and estimated net parking revenues of about $524 million after contract costs, from which a portion contributes to the city's annual service payments.

Patty Rodriguez, owner of SF Parking LLC (a joint‑venture partner and certified small business), thanked the committee for the opportunity and described how the joint venture had helped the local firm grow and create union jobs. Teamsters Local 665 also called in support of the award, noting a longstanding working relationship with SP+SF employees at the airport.

Chair Preston moved to forward the contract to the full Board with a positive recommendation and the motion passed without objection.