Michigan university following Ohio State’s lead with parking privatization

Source: Tom Knox, Columbus Business First, June 29, 2017

A public university in Michigan is considering privatizing its parking system – and using Ohio State University as an example. Eastern Michigan University regents on Tuesday authorized President James Smith to pursue an arrangement to lease out its parking apparatus in exchange for upfront money. … It’s a significant decision because it is one of the first universities to follow Ohio State’s lead after the school signed a first-of-its-kind arrangement in 2012. Ohio State leased its parking operations to Australian pension fund QIC Infrastructure in a 50-year, $483 million deal, framing it as raising money for academics. …