STOCK REPURCHASE AGREEMENT

                                                                    Exhibit 10.1
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                           STOCK REPURCHASE AGREEMENT

     This Stock   Repurchase   Agreement (this   "Agreement") is entered into as of
March 16, 2007, between Steamboat Industries LLC ("Seller") and Standard Parking
Corporation, a Delaware corporation (the "Company").

                                    RECITALS
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     A. Seller and its   affiliates   have control   over certain   shares of common
stock, par value $0.001 per share, of the Company (the "Common Stock").

     B. The Board of Directors of the Company (the "Board") has   authorized   the
repurchase of shares of its Common Stock for a value not to exceed $20.0 million
(the "Repurchase").

     C. The   Repurchase   authorized   by the Board will be   comprised of (i) open
market   repurchases of Common Stock   authorized by the Company from time to time
("Open Market Purchases"),   and (ii) repurchases of Common Stock from the Seller
at the same price paid by the   Company in each Open   Market   Purchase   (the "SIL
Repurchases").

     D.   Seller   desires to sell and the Company   desires to purchase   shares of
common stock of the Company   (the   "Shares")   in   accordance   with the terms and
conditions of this Agreement.


                                    AGREEMENT
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     NOW,   THEREFORE,   in consideration of the mutual covenants set forth in the
Agreement   and other   good and   valuable   consideration,   the   parties   agree as
follows:

     1. Purchase of Shares. From the date of this Agreement through the earliest
to occur of, (a) the date upon which the Board shall   terminate   the   Repurchase
or, (b) the Company   consummates   the repurchase of shares having a value not to
exceed $20 million   (the   "Term"),   Seller   hereby   agrees to sell Shares to the
Company from time to time, and the Company hereby agrees to purchase Shares from
time to time,   at the same price paid by the   Company in each of its Open Market
Purchases,   as set forth on Schedule A attached hereto. The closing date of each
SIL   Repurchase   shall be each Monday during the Term (or the next business day)
for all Open Market   Purchases   that occurred   during the prior week, if any, or
such earlier   date as   determined   by Seller (each such date to be   considered a
"Closing Date").   On each Closing Date, the Company shall pay the purchase price
for the   Shares   to Seller in   immediately   available   funds by check or by wire
transfer to an account   designated   by Seller,   and Seller shall   deliver   stock
certificates   representing   the   Shares   together   with an   executed   assignment
separate   from the   certificates   transferring   the   Shares   to the   Company   or
otherwise    properly   endorsed   for   transfer.    The   Company's   officers   shall
thereafter   cause the Shares to be   cancelled or held by the Company as treasury
stock.


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     2. Specific Approval. The Company shall obtain the approval in advance (the
"Specific   Approval")   of the Audit   Committee   (which   may be by   facsimile   or
electronic mail) of each specific repurchase transaction in accordance with Rule
16b-3(e) under the Securities   Exchange Act of 1934, as amended, if so requested
by   John   V.   Holten,   directly   or   directly   through   any of   Seller,   the JVH
Descendants'   2004 Trust and any other trust for which John V. Holten   serves as
trustee   and which is the direct or indirect   beneficial   owner of shares of the
Company.

The Company   shall   notify the Audit   Committee   (which may be by   facsimile   or
electronic mail) of the date of such repurchase   transacti