I’m no economist, so I won’t even claim to know if this makes sense. It does make the Howard Slusher / Frances Dyke deal look like chump change – with us as the chumps, of course. 6/4/2012.
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- UO Board of Trustees to... (5)
- uomatters { What with all this exciting Duck crap, I wonder how Prez Schill and our Board of Trustees manage to find... }
- thedude { Standard retention raise in CAS is 10 percent at most. }
- Fishwrapper { Unconfirmed, but I like to chum the waters... On Sunday the work of the past few weeks paid dividends as... }
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- cruel irony duck { Kind of a "threadjack", yes. But AFAIK, it's not possible for peons such as myself to start new threads on... }
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- cruel irony duck { Certainly it's not the sort of story the left-wing media will cover. Conservative outlets do cover other aspects, though. One... }
- just different { Once again, higher ed reporting in right-wing media consists entirely of dumb fear-mongering stories about what some student group wants.... }
- cruel irony duck { I must be inhabiting a different corner of the University. From my seat, it's probably the most intellectually and ideologically... }
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- cruel irony duck { Off-topic: We're getting another 15m of fame: https://www.dailymail.co.uk/news/article-10272875/Woke-University-Oregon-student-body-wants-critical-race-theory-graduation-requirement.html https://www.foxnews.com/us/oregon-university-critical-race-theory-graduation-requirement I'd not heard of it before, but something tells me the... }
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- Dog { we seem to have a high percentage of transfers - schools that shoot for one and done are susceptible to... }
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- uomatters { In Kevin's defense, he has not charged me for any of the billable hours he spends fact-checking this blog. }
- Fishwrapper { Good to know that the GC spends valuable time hanging around this forum to practice spin. Notwithstanding the time you... }
- heraclitus { "Formatted" - heh, right, is that what you call it? Well, yeah, formatting my s...tuff does usually take me a... }
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- Dog { once again, data is better than memory https://www.whitehouse.gov/wp-content/uploads/2021/07/Fig-1.jpg }
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It only makes sense if the university is unable or unwilling to run parking as a profit maximizing operation, or if the university is credit constrained, or faces higher borrowing costs than a private firm.
The most likely explanation is the first. The university can’t tow and impound the cars of students or professors or charge high fines without internal political opposition.
After privatization, the university can say that these are the not their policies, but those of the private lessee. So the lessee can bid more than the profit stream of the current university run operation.
I am surprised that this lease is legal. I don’t think OUS rules would allow it in Oregon. Of course, it’s not clear how long those rules will still apply to UO.