The numbers are in. Sorta.
The Miami Beach Administration calculated that in fiscal year 11/12 the average public tow cost $234.17. From that the estimated total annual gross for both Beach Towing and Tremont Towing was $2,550,111.30.
Those numbers however come with an asterisk. They are based solely on the limited information the two towing companies were willing to give the city. The numbers for private towing are off the table according to lawyers from both companies. Even within that set of information staff had to assign numbers to plug up some holes.
Last November the Commission approved a fee hike for the city’s two towing companies. Both companies cited a need for the hike in order to turn a profit, yet both Beach and Tremont refused to open their books to the city.
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