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 and would help
deal with the unfunded liability in the pension. Of course, the higher rate would mean a de facto greater employee contribution
(for those employees who park) although there would also be “contributions”
from non-employee visitors to campuses.
It is important to note that this proposal is a long, long way off from
becoming reality, if it ever does. But
the articles referenced above suggest that at least some universities are
looking towards parking as a funding remedy.
(The idea seems to have originated with some municipalities that were
facing fiscal problems and then spilled over into higher ed circles.)
The Inside
Higher Ed story is at
The longer AP
story is at
Our audio
from last month of the Regents discussing this issue is at
http://uclafacultyassociation.blogspot.com/2012/09/listen-to-parking-to-pension-at-regents.html
And, of course, there is our favorite UCLA hotel which is due to displace a parking structure at absolutely no cost to anyone :).
And, of course, there is our favorite UCLA hotel which is due to displace a parking structure at absolutely no cost to anyone :).
Anyway, someone is thinking of rounding up the cash cows:
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