Bill Lerner Talks About iPark Becoming the Largest Parking Company in NYC, Still Privately Owned
Nov 30, 2019
Lerner describes a surge in vehicle ownership following World War II.
New York, NY - November 29, 2019 /MarketersMedia/ —
iPark, a parking company based out of New York City, is owned and ran by Bill Lerner, an American entrepreneur. iPark is his family’s business that had humble beginnings in 1960 when it had a single 25-car lot. Over time, the firm experienced tremendous growth, now operating nearly 150 facilities. With demand for parking in urban centres at an all-time high, Lerner discusses the position of iPark as a long-standing and innovative industry leader.
In conversation with The Atlantic’s associate editor Bourree Lam, Bill Lerner describes a surge in vehicle ownership following World War II, with the return to America of vehicle-savvy GIs keen to invest in private vehicles and in turn, convenient parking. His father noted this trend and capitalized on the growing needs of daily automobile commuters in New York City, developing a chain of 12 parking facilities and a recognized brand devoted to customer service, reliability and convenience. While some competitors developed incredibly intricate solutions (‘hotels for autos’) doomed for failure, the Lerner family business grew from strong values and a sustainable pace.
Building on his father’s success, Lerner adopted the role of President and CEO in 1997 and has since guided the company through a period of expansion and innovation. In order to compete in an increasingly heated NYC industry marked by population growth, loss of space to residential development and peaking demand for private transport facilities, the iPark moniker was adopted (the business was formerly branded as “Imperial Parking Systems”) in parallel to the design and implementation of a user-friendly, streamlined online booking framework. Further to a shift in marketing strategies and capital investments, in an interview with Leaders Lerner attributes careful investment in staff as a cornerstone of operations, achieving low turnover and customer confidence.
With the advent of affordable electric vehicles, iPark has pivoted to meet new demand by partnering with Tesla Motors, Inc. and CarCharging, and having already installed charging stations at a number of iPark garages with plans to expand the offering to all iPark facilities. Speaking on topic with CNBC, Lerner imagines “a day when you can’t find a place to gas up in Manhattan” and demonstrates the need for the parking industry to adapt long-term, sustainable business models.
Over the past 20 years, Bill Lerner has maintained the role of successful entrepreneur, dedicated philanthropist and family man. Beyond leading iPark to become NYC’s largest privately-owned parking company and applying company resources to the benefit of the community, Bill has notably established a charitable organisation--Billy4Kids and has been recognised and awarded for his humanitarian efforts by St. Mary’s Healthcare System for Children and the Annual Edeyo Gives Hope Gala. News on Lerner’s accomplishments, innovations, charitable endeavours and further entrepreneurship continues to be featured across platforms such as CNBC, Radio America, The Atlantic, 33 Voices and Leaders Magazine among others.
Bill Lerner - President and CEO of iPark: http://billlernernews.com
Billy Lerner (@billy_lerner) - Twitter: https://twitter.com/billy_lerner
Billy Lerner - Home - Facebook: https://www.facebook.com/billylernerofficial/
Contact Info:
Name: BLN
Email: Send Email
Organization: BillLernerNews.com
Website: http://billlernernews.com
Source: MarketersMedia
Release ID: 88936474
More News
Zuckerberg’s Big Deal to Stay in California
The agreement that Mark Zuckerberg, Meta’s chief executive, cut to stay in California underscores businesses’ fears about a major tax proposal.
What is PHP and why did it spark a global cyber-security scramble?
AI uncovered long-hidden programming flaws, triggering a rare global cyber-security response.
Woman 'scared to turn heating on' due to oil cost
Roslynn Garner-Gatley uses a hot water bottle bed socks and earlier bedtimes to stay warm.
Iowa, Usually Red, Is in Play This Midterm as Economic Woes Mount
The Trump administration’s policies could cost Republicans in a state that is being hit hard by expensive diesel prices and uncertainty over trade.
For Clues About How A.I. Will Change Work, Look to the Past
Economists hope earlier episodes of labor disruption, from the Industrial Revolution to the Great Depression, can help us prepare for the age of artificial intelligence.
Children in care to get £10 a week savings
Eligible people in the care system will be able to access the savings once they turn 18.
Woman 'scared to turn heating on' due to oil cost
Roslynn Garner-Gatley starts using a hot water bottle, bed socks and earlier bedtimes to stay warm.
'I can't afford to heat my home on my pension'
Teresa Goubert says heating is "very expensive" and she was struggling on her pension.
'An £8k service charge left me unable to pay bills'
Housing association Curo defends large increases to leaseholder bills.
Calls to cut employer National Insurance contributions for under-25s
Yorkshire businesses set out what they want from the chancellor ahead of the Budget.
Is an 'AI war' complicating your job search?
How fair are AI recruitment tools that help decide our future, and what happens when we click "apply"?
No order, no seat: Starbucks China rolls out new store policy
Starbucks says it is improving customers' in-store experience as it competes with homegrown rivals.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.