Company Overview

In 1923, the Twin Cities were booming and the impact of the automobile on the urban landscape was changing the face of metropolitan transportation forever. It was in this year and environment that Loop Parking Company was founded in Minneapolis. Since that time, the company has continuously been engaged in operating parking facilities of all types. Currently, it is involved in the management of fifteen facilities in Minneapolis, St. Paul and Uptown containing 6,000 parking spaces, employing over 100 people and parking more than 3,000,000 vehicles per year. The company prides itself on its reputation for providing excellent management services with an emphasis on customer satisfaction and profitability.


Loop Parking Company has operated parking ramps and parking lots employing a wide variety of equipment and methodology. The company was the first in Minneapolis to utilize fully automated parking equipment in 1958, and has remained at the forefront of technological advance. This includes such items as the first local installation of the Amano Total Revenue Control System, the first local installation of the Cincinnati Magnetic Read System, installation of the DynaCount and DynaPark Facility Control Systems, development of tandem cashiering to allow two cashiering stations in a single lane with revenue control, and installation of the first automatic paystation in Minneapolis. In 1988, Loop Parking Company developed and installed a system of single motion safety alarms. This system was eventually adopted by the Parking Advisory Committee for standard use in parking ramps in the City of Minneapolis.


Loop Parking Company utilizes a highly skilled management team to direct the activities at all the facilities it manages. This team of ownership and upper management closely monitors all facets of the operation, from personnel to planning to internal control. It establishes the philosophy in conjunction with representatives of the facility ownership and implements the resulting decisions. The primary objectives are customer satisfaction and the maximization of net income.


Driven to Succeed–


Growing with the Twin Cities for almost 90 years.

Company Summary
Name
Loop Parking Company
Industry
Number of Employees
51-200
Location
1200 Washington Ave S
Minneapolis, MN
55415-1295