Many of you have sent me your questions and I want to be sure to answer the ones that are being asked most frequently—so everyone better understands the process.
Several people asked whether free parking for emeritus faculty and reduced parking rates for retirees would continue if we decide to lease the parking operations. The answer is yes—it would.
We are fortunate to have an active group of emeritus faculty contributing here at Ohio State. The Board of Trustees recognizes their contributions and gives them certain privileges; including free parking. Under a new parking lease, if we enter into one, this would remain in place.
Similarly, we recognize that retirees provide much-needed services to the university. So their parking permits would continue to be available at a lower rate as well.
In addition, the current classification of parking permits would remain in place for the foreseeable future with the exception of where a change in allocation of existing permits is already being planned due to parking demand exceeding current capacity. Specifics for these areas will be communicated to customers when re-allocation plans are in place, which is expected to be in the fiscal year 2013 permit year. These planned changes would occur regardless of whether parking operations are leased.
Finally, I wanted to clarify a point I made in my first column:
“The cap for the remaining years would follow the Consumer Price Index, which will guarantee a fixed increase tied to national and regional inflation trends.”
This is true, but to be more thorough: The cap for the remaining years would be set by the Midwest Consumer Price Index or 4 percent—whichever is higher. The Midwest Consumer Price Index is part of the Consumer Price Index and measures inflation in our region of the country, as opposed to just national standards alone. There are also details in the proposed contract to ensure that a random spike in national or regional inflation over one or even two years would not mean a significant cost increase for our faculty, staff and students.
My main point in trying to explain the caps was that we understand cost is a major concern.
That’s why we added caps to the Requests for Proposals so we could decide whether this lease would benefit the university while ensuring that we would have an agreement for rate increases that falls in line with national and regional trends.
Thanks to all of you for your great questions. We’ve also added answers to your top 10 questions to the parking proposal website in the Resources section. I hope you’ll keep checking this site. There are more updates to come next week.