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IU hires banker to advise on parking leases
Updated: Friday, 02 Nov 2012, 7:51 AM EDT
Published : Friday, 02 Nov 2012, 7:51 AM EDT
BLOOMINGTON, Ind. (AP) - Indiana University has hired investment banker Goldman Sachs to advise it on whether to seek a multimillion dollar payout by turning over parking facilities on the Bloomington and Indianapolis campuses to a private operator.
The university made the move this week after its Board of Trustees agreed last month to study the possibility of a 30- or 50-year lease. Some trustees and faculty representatives have questioned whether it would be a good move.
The university says that if it decided to solicit bids, Goldman Sachs will help evaluate them. It says the firm's role is expected to last six to nine months.
IU says Goldman Sachs was involved in the decision by Gov. Mitch Daniels to lease the Indian Toll Road to a foreign consortium for 75 years.
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