Nonprofit takes over Toledo College parking zone

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ParkU Toledo will take over the university car park this fall. The East Lamps and West Lamps garages were demolished this summer and replaced with surface compartments.

Toledo, Ohio – Starting this fall, a new nonprofit organization will take over the parking lot at the University of Toledo.

The port authority decided at a special meeting on Tuesday afternoon to set up an organization called Park U Toledo.

The national multi-storey car park SP + Corporation based in Chicago is responsible for day-to-day operations.

Student parking fees will increase by about $ 8 to $ 258, and UT staff will increase from $ 165 to $ 207. This helps pay the paving and renovation costs, and two old parking lots can be demolished and replaced with surface lots.

The Port Authority will play a central role in the ParkU Toledo project, which oversees the Committee of Five, and Port Authority officials said it was a “great economic development project” for all.

The university will be dismantling the East Ramp and West Ramp parking lots this summer and will spend $ 9 million on pavement, strip, renovation and repairs over the next several years.

The university has started preparations for dismantling. This applies to parking spaces near the campus in summer. Parking lot 2 next to the east ramp will be closed during the demolition and the southern passage of the parking lot in area 13, which is closest to the west ramp, will not be available during the demolition. West Rocket Drive will also be closed during the demolition and parking in Area 13 will only be accessible via the Campus Street entrance on the main campus.

The port authority previously approved a new $ 85 million bond to be invested under a 35-year parking plan.

According to the university, as part of the new ParkU Toledo project, UToledo will “receive prepayments to invest in strategic initiatives and receive residual income over the term of the contract. SP + takes over and is responsible for the daily parking operations. For capital investments in parks, including and striping. ”

Non-profit organization takes over the parking lot of the University of Toledo

Source link Non-profit organization takes over the parking lot of the University of Toledo