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FIVE STAR PARKING v. PHILADELPHIA PARKING AUTH.

Civ. A. No. 86-1005.

662 F.Supp. 1053 (1986)

FIVE STAR PARKING, Allied Auto Parks, Inc., Charter Auto Parks, Inc., Grant Parking, Inc., L & R Auto Parks, Inc., and Valet Parking Service, Inc. v. PHILADELPHIA PARKING AUTHORITY.

United States District Court, E.D. Pennsylvania.

October 14, 1986.

Attorney(s) appearing for the Case

Peter Hearn, James J. Ferrelli, Sharon R. Buckingham, Philadelphia, Pa., for plaintiffs.

Charles W. Bowser, Luther L. Weaver, III, Kevin W. Gibson, Philadelphia, Pa., for Phila. Parking Authority.

Seymour I. Toll, Toll, Erby & Gough, Philadelphia, for Bank of America.

OPINION

LOUIS H. POLLAK, District Judge.

For upwards of three years — from September of 1982 to February of 1986 — plaintiff Five Star Parking, a joint venture of five California corporations, operated a parking facility at the Philadelphia International Airport for defendant Philadelphia Parking Authority. Under the license agreement governing the relationship between Five Star and the Authority, Five Star was required to post an irrevocable...

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