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.
-- American entrepreneur and philanthropist Billy Lerner, owner and CEO of iPark, reflects with his wife on the company’s extraordinary journey. Founded in 1960 with a single 25-car lot, the family business has expanded steadily over a few decades to become a dominant presence in New York City’s parking industry, managing close to 150 locations. 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 also in 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. 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 demands by partnering with Tesla Motors, Inc. and CarCharging. For this, iPark had already installed charging stations at a few 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 organization, Billy4Kids and has been recognized 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: Billy Lerner
Email: Send Email
Organization: BillLernerNews.com
Website: http://billlernernews.com
Release ID: 89182631
Should you come across any errors, concerns, or inconsistencies within this press release's content, we urge you to reach out without delay by contacting error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our committed team will promptly address your feedback within 8 hours and take appropriate measures to resolve any identified issues or guide you through the removal process. Providing accurate and dependable information remains our utmost priority.
