Parking Revenue: Cash Cow for Higher Ed?
Inside Higher Ed today has a short story about a controversy over a proposed long-term lease of parking facilities at Indiana University to a private operator in exchange for a lump sum payment. The story links to a longer AP article on the issue which notes that Ohio State U has gone in that direction. Readers of this blog will know that at the Regents’ retreat last month, the Regents discussed a proposal to transfer campus parking services – after a rate increase – to the UC pension fund. With the higher rate, the parking services would have higher value…