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Orr looking at selling Detroit’s parking system

DETROIT (WKZO) -- Detroit Emergency Financial Manager Kevyn Orr is reportedly looking into selling the city’s network of parking lots, meters and garages.

Officials say Orr wants to put a price tag on the money-losing municipal parking system before deciding whether to sell it.  If the parking system is sold it could lead to higher rates, however it may avoid the city having to sell pieces from the Detroit Institute of Arts's collection.

Detroit manages nine parking garages with over 8,600 spaces, plus another 1,200 spaces in two public parking lots.