Updated: 6:09 PM EDT July 6, 2021
TOLEDO, Ohio A new nonprofit is taking over parking at the University of Toledo starting this fall.
The Port Authority voted to set up an entity called ParkUToledo during a special meeting Tuesday afternoon.
A national parking company - SP+ Corporation, based out of Chicago - will handle the day-to-day operations.
Student parking fees will increase by about $8 to $258, while UT employees will pay $207, up from $165. That will help pay for paving and updates, and to have two older parking garages torn down and replaced with surface lots.
The Port Authority will play an administrative role in the ParkUToledo project, overseeing its five-member board, and Port Authority representatives said it will be a great economic development project for everyone.
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