AI startup Metropolis, biggest parking lot network in U.S., raises $1.6 billion for major retail expansion
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Only 10 percent of the parking in the United States is paid parking, but the industry that runs it rakes in billions. For decades, it has been a largely stable, growing industry. Historically it has been dominated by small and family businesses, but now some players ar large publicly traded companies such as SP Plus (SP ) and ABM. The industry does face challenges. Low barriers to entry make it a crowded, fragmented industry. Competition is fierce. It has also suffered from the blows ecommerce h
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