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OSU Parking Privatization - News & Updates

Home Forums General Columbus Discussion OSU Parking Privatization – News & Updates

Viewing 15 posts - 16 through 30 (of 106 total)
  • Author
    Posts
  • #494401

    rory
    Participant

    leftovers said:
    I have already heard of campus landlords renting spaces in their parking lot backyards to commuter students needing a cheap place to park. It would not surprise me if OSU staff were next. It might help offset the lost revenue from all the Sophomores moving to campus dorms…

    Please, don’t give them any ideas. ;)

    It would be one of those unintended consequences. Privatize parking – lose all campus neighborhood green space.

    #494402

    jimbach
    Participant

    Too late Rory, I’ve already started paving my backyard.

    #494403

    mrpoppinzs
    Member

    jimbach said:
    Too late Rory, I’ve already started paving my backyard.

    Lol, join the club. It is getting ridiculous up there. If they double the parking fees in 7 years – the campus area will be an even larger shitstorm than it already is.

    #494404

    labi
    Participant

    Shit, why stop at just paving the back yards? Maybe this and the sophomore residency requirement are all an elaborate double-con so that campus slumlords can first empty, then raze their properties and operate surface parking lots instead?

    #494405

    mrpoppinzs
    Member

    Low taxes, low maintenance, can be rented for tailgates at extra charge and one can just hose the empty beer cups into the street.

    winner, winner, chicken dinner!

    #494406

    jimbach
    Participant

    Like kings we’ll live!

    #494407

    gramarye
    Participant

    James said:
    If true, that would put me against the proposal.

    Likewise. I started out ambivalent–running parking decks isn’t necessarily in a university’s core competency–but that “compensation event” provision is just ridiculous. It’s not just conceptually flawed, but it would be absurd in execution. What if OSU wants to add a bus route (ostensibly reducing the demand for parking), but also increases enrollment by 1000 and staff by 500? Does the increased demand offset the increased alternative mobility options, or would the contract discount the increased population and simply demand payment for adding a bus route? What if the university builds more dormitories closer to the heart of campus, bringing more students to campus but fewer that will need cars?

    Could this clause, depending on its wording, affect the university’s decision to renew its contract with COTA for unlimited ridership on COTA buses, if COTA’s service expands or improves? Would OSU’s action in renewing that contract be an action that reduces the demand for parking on campus and requires compensation to the private equity investors buying the parking facilities?

    Would this completely torpedo OSU’s ability to be a player in the future development of a streetcar up and down High Street? What if that led to decreased demand for parking in the short term but increased demand for parking in the long term, due to higher residential population density in new developments along that line? Would we pay the investors up front, but then get reimbursed later? (I highly doubt it. Once these private equity groups get money from you, you don’t get it back without a lawsuit.)

    I get that you wouldn’t want the university to put a sidewalk and curb across one of the entrances to the parking garages and seal it off. I get that you wouldn’t want to university to take steps to unduly restrict who could buy parking passes after privatization (though of course, there are already plenty of restrictions on that score as things stand). That notwithstanding, this “compensation event” clause raises a lot of questions. I’d be interested in seeing the actual text of it, if it’s posted anywhere. Doesn’t look like it is; looks like this is all being done behind closed doors.

    #494408

    gramarye
    Participant

    jimbach said:
    Like kings we’ll live!

    Most kings are dead …

    #494409
    vestanpance
    vestanpance
    Participant

    James said:
    If true, that would put me against the proposal.

    OSU put up an explanation today http://www.osu.edu/parkingproposal/updates-answers/

    #494410

    NerosNeptune
    Participant

    That reads like pretty standard PR bullshit. Hey guys don’t worry about it for a few more months until the contracts are signed. Everything will be great, we promise!

    He didn’t address the main concern which is that OSU can’t come up with anything new for 50 years. Put in real bike lanes and other efforts to significantly increase the number of students/workers biking? No. Move more students on campus (already doing it), and prohibit them from keeping cars on campus? No. There is no way these money sucking companies would be willing to do this if they couldn’t make a ton of money, which would require OSU to promise them the status-quo for the next 50 years. So much for leading the way.

    And kiss Pedal Instead goodbye for OSU football. That’s a lot of lost revenue $15/bike. Or the COTA park and rides from the fairgrounds, the leeches will need to get fed extra in exchange for that I’m sure. Not just the loss of these things, but none of these new ideas would ever happen under an operation who’s main goal is to extract money out of these activities and ship it to Wall St. or Australia.

    #494411

    lifeontwowheels
    Participant

    NerosNeptune said:
    That reads like pretty standard PR bullshit. Hey guys don’t worry about it for a few more months until the contracts are signed. Everything will be great, we promise!

    He didn’t address the main concern which is that OSU can’t come up with anything new for 50 years. Put in real bike lanes and other efforts to significantly increase the number of students/workers biking? No. Move more students on campus (already doing it), and prohibit them from keeping cars on campus? No. There is no way these money sucking companies would be willing to do this if they couldn’t make a ton of money, which would require OSU to promise them the status-quo for the next 50 years. So much for leading the way.

    And kiss Pedal Instead goodbye for OSU football. That’s a lot of lost revenue $15/bike. Or the COTA park and rides from the fairgrounds, the leeches will need to get fed extra in exchange for that I’m sure. Not just the loss of these things, but none of these new ideas would ever happen under an operation who’s main goal is to extract money out of these activities and ship it to Wall St. or Australia.

    Part of me worries about the effect the new privatization contract would have on us. Honestly I don’t know how much impact we actually have on parking revenues. We hit mid 400s in the early part of the season and taper off to about 150-200 by mid-November. But we get a lot of families/couples/groups, so maybe 150-200 actual car spots?

    The other part knows that we’re freaking awesome, we kick ass, innovate and set the bar higher on ourselves every year. I am confident that a private source of funding would step forward to continue our work at OSU because of the quality we bring.

    #494412

    James
    Participant

    gramarye said:
    That notwithstanding, this “compensation event” clause raises a lot of questions. I’d be interested in seeing the actual text of it, if it’s posted anywhere. Doesn’t look like it is; looks like this is all being done behind closed doors.

    This does smell fishy. The lousy casino deal was written by the casino backers, and passed by citizens in a moment of economic desperation. I understand why that deal was a give away, and I give kasich credit for extracting more money for the state. But this deal, if it is as bad as it seems, is puzzling. The university is under no pressure to do this, and there is no reason to give away so much. If they really want to get more value they can outsource the operations only of parking as a service with a payment schedule that decreases over time. Separately I think there many bans and investors who would loan the university an up front sum using the stream of parking revenues as collateral, without signing over all profits.

    #494413

    leftovers
    Member

    @lotw
    From my experience the actual OSU parking spaces all get filled on game day and then there are a ton of off campus ones that make some $$, so I think Pedal Instead has nothing to worry about on football gamedays.

    I appreciate what you are doing!

    #494414

    NerosNeptune
    Participant

    They’re offering free parking on OSU property.. I’m not saying it will go away, but I can certainly see the carlyle group having something to say about it. Even if Pedal Instead finds outside funding, they set up on OSU property and I’m sure would need their permission.

    But even if they allow it as a good will pittance, the worst part is that nothing new and cool like this will have any chance of happening again at OSU until we’re all at least 70, 80, 90 years old.

    #494415

    Analogue Kid
    Participant

    James said:
    But this deal, if it is as bad as it seems, is puzzling. The university is under no pressure to do this, and there is no reason to give away so much. If they really want to get more value they can outsource the operations only of parking as a service with a payment schedule that decreases over time. Separately I think there many bans and investors who would loan the university an up front sum using the stream of parking revenues as collateral, without signing over all profits.

    The reason this deal is being pushed so hard is because of one person: Geoff Chatas. He is buddies with Gee, and having worked in the financial sector, he helped swindle the City of Chicago out of billions when they privatized parking there. Presumably, he wants to get this deal done and move on, leaving the rest of us to deal with the fallout.

    http://www.huffingtonpost.com/aaron-renn/can-chicago-get-out-of-it_b_808924.html

Viewing 15 posts - 16 through 30 (of 106 total)

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