You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

IU hires Goldman Sachs to advise on parking leases

BLOOMINGTON — Indiana University has hired investment banker Goldman Sachs to advise it on whether to seek a multimillion-dollar payout by turning over parking facilities on the Bloomington and Indianapolis campuses to a private operator.

The university made the move this week after its Board of Trustees agreed last month to study the possibility of a 30- or 50-year lease. Some trustees and faculty representatives have questioned whether it would be a good move.

The university says that if it decides to solicit bids, Goldman Sachs will help evaluate them. It says the firm's role is expected to last six to nine months.

IU says Goldman Sachs was involved in the decision by Gov. Mitch Daniels to lease the Indiana Toll Road to a foreign consortium for 75 years.