Cleveland State University is investigating a potential public-private partnership, which would transfer responsibility for the operation and maintenance of the University’s parking assets to a qualified third-party operator. In exchange for an upfront fee, the third-party operator would operate and maintain the parking assets for a defined period of time. CSU would invest the proceeds from the transaction into an endowment which would provide a regular income stream to support University initiatives.
To better enhance community understanding of this project and solicit feedback on next steps, CSU will host two town hall forums open to students, faculty and staff, as well as members of the community. The events will be held Wednesday, October 18 from 10 a.m. to 12 p.m. and Thursday October 19 from 2 p.m. to 4 p.m. Both forums will be held in Fenn Tower Ball Room on the CSU campus.
The forum will include a presentation on the overall project, the timeline and next steps in the process. There will also be a question and answer session in which members of the campus community can provide input on parking on campus and how a potential public private partnership should be set up.
To learn more about the parking project or to submit feedback online, visit https://www.csuohio.edu/opm/parking-partnership.