Beverly Hills has reached an agreement with G&L Realty Co. over a contested ballot initiative that aimed to regulate free parking in select city-owned parking structures.
, which was , would have required the city to offer two hours of free parking in five Golden Triangle business district lots that currently offer only one hour of free parking. But Los Angeles County Superior Court Judge Ann Jones issued a preliminary injunction in April until a final hearing could decide its fate.
As a result of the settlement, which has a six-year term, Beverly Hills is expanding free two-hour parking to include city-owned parking facilities throughout the business triangle.
“This agreement will continue the city’s existing and longstanding tradition of providing free and reduced-cost parking throughout Beverly Hills as desired by residents, and to encourage visitors and residents to shop and dine in our community,” Beverly Hills Mayor Barry Brucker said in a statement.
As part of the settlement, G&L Realty voluntarily agreed to contribute funds toward the purchase and installation of an automated license plate recognition system at the city’s 461 N. Bedford Drive structure, where free parking will be extended from one hour to two hours, to ensure that visitors are not leaving and immediately returning to receive more than two hours of free parking a day.
The city had challenged Measure 2P on a variety of legal grounds. This agreement recognizes the judgment entered by Jones declaring that Measure 2P was invalid.