Central Indiana high school students are putting their best …
Franklin police have two people in custody for the alleged …
Approximately 7,000 Franklin residents that receive water from …
Advertisement
IU parking proposal faces challenges
Updated: Friday, 12 Oct 2012, 10:33 AM EDT
Published : Friday, 12 Oct 2012, 10:33 AM EDT
BLOOMINGTON, Ind. (AP) - Indiana University leaders say they aren't certain about moving ahead with a proposal to turn over parking facilities on the Bloomington and Indianapolis campuses to a private operator.
The university's Board of Trustees agreed Thursday with hiring a financial adviser to study the possibility of a 30- or 50-year lease with a private operator that could mean a multimillion-dollar payout to the school.
The Herald-Times reports some trustees and faculty representatives spoke against the proposal, questioning whether it was a good financial move.
University administrators estimate a lease could generate a $250 million payment, but IU would first have to pay off $75 million in parking construction debt.
IU President Michael McRobbie says the proposal should be considered as the school needs to creative in finding revenue.
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement
Advertisement
More on WISHTV.com
-
A railroad bridge on the northern edge of the Texas Hill Country came crashing down after…
-
YPSILANTI, Mich. (AP) — Three members of a Michigan city council have abstained from …
-
WASHINGTON (AP) — A Massachusetts congressman says investigators still don't know whether…
-
Learn more about the people who appear on air at 24-Hour News 8.
-
NEW YORK (AP) — CBS strengthened its dominance over the television industry this year at …
-
A tornado roared through Oklahoma City suburbs, flattening entire neighborhoods, setting …
-
Great White featuring Jack Russell will play at Hard Rock Café tonight at 9:30pm get your…
