Penn Parking Revenue and Competitors

Penn Parking operates numerous parking facilities throughout Baltimore, D.C., and Northern Virginia. Expert in managing overhead, the company is highly adaptable to new markets and to changes in the marketplace. In an industry known only for parking cars, Penn Parking has distinguished itself by its unique and creative approach in a very traditional industry. Penn Parking's roots date back to 1983, when at the age of 21, Penn Parking's president Lisa Renshaw took over her first property, a failing parking garage just north of Amtrak's Penn Station in Baltimore, Maryland. Unable to afford employees but needing an attendant 24 hours a day, Lisa moved into the garage to meet her staffing needs. After three and a half years, Lisa's determination and spirit began to pay dividends, as Penn Parking took over its second location. During the time since its' inception, Penn Parking has established a reputation as an innovator in the otherwise staid world of parking operations. The company's willingness to take a chance on marginal or failing facilities and its ability to reverse declining revenues and volume has earned it the respect of the nation's business community.