EXHIBIT 99.1




(CENTRAL PARKING CORPORATION LOGO)


CENTRAL PARKING CORPORATION TERMINATES DISCUSSIONS TO SELL THE COMPANY

NASHVILLE, Tenn., Jun 20, 2005 (BUSINESS WIRE) -- Central Parking Corporation
(NYSE: CPC) today announced that it has terminated discussions regarding the
potential sale of the Company. On March 14, 2005, Central Parking announced that
it had retained Morgan Stanley to assist in evaluating various strategic
alternatives to maximize shareholder value, including the possible sale of the
Company. The Company expects to continue to review alternatives designed to
enhance shareholder return, including a share repurchase program, changes in its
dividend policy and other changes in the capitalization of the Company.

Monroe J. Carell, Jr., Chairman and Chief Executive Officer said, "The Board has
decided not to pursue a sale transaction at this time, and the Board has
terminated discussions with potential buyers. After considering the Company's
strong franchise and future prospects, the Board concluded that the Company can
best enhance shareholder value by streamlining operations and focusing on core
competencies and key markets with the greatest potential for growing profits."

Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading
provider of parking and transportation-related services. As of March 31, 2005,
the Company operated more than 3,400 parking facilities containing over 1.5
million spaces at locations in 37 states, the District of Columbia, Canada,
Puerto Rico, the United Kingdom, the Republic of Ireland, Chile, Colombia,
Germany, Mexico, Peru, Poland, Spain, Switzerland, Venezuela and Greece.

This press release contains historical and forward-looking information. The
words "expects," "believes," "see," "estimates," "anticipates," "goal,"
"assumptions," "intend," "plan," "continue to expect," "remain optimistic,"
"should," "project," "objective," "outlook," "guidance," "forecast," "will
likely result," or "will continue" and similar expressions identify
forward-looking statements. The forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. The Company believes the assumptions underlying these forward-looking
statements are reasonable; however, any of the assumptions could be inaccurate,
and therefore, actual results may differ materially from those projected in the
forward-looking statements. The factors that may result in actual results
differing from such forward-looking information include, but are not limited to:
the Company's ability to achieve the goals described in this release and other
communications, including but not limited to, the Company's ability to maintain
reduced operating costs, reduce indebtedness and sell real estate at projected
values as well as continued improvement in same store sales, which is dependent
on improvements in general economic conditions and office occupancy rates; the
loss or renewal on less favorable terms, of management contracts and leases; the
timing of pre-opening, start-up and break-in costs of parking facilities; the
Company's ability to cover the fixed costs of its leased and owned facilities
and its overall ability to maintain adequate liquidity through its cash
resources and credit facilities; the Company's ability to comply with the terms
of the Company's credit facilities (or obtain waivers for non-compliance);
interest rate fluctuations; acts of war or terrorism; changes in demand due to
weather patterns and special events including sports events and strikes; higher
premium and claims costs relating to the Company's insurance programs, including
medical, liability and workers' compensation; the Company's ability to renew and
obtain performance and surety bonds on favorable terms; the impact of claims and
litigation; and increased regulation or taxation of parking operations and real
estate.


SOURCE: Central Parking Corporation


Central Parking Corporation
Monroe J. Carell Jr., 615-297-4255
mcarell@parking.com
www.centralparking.com