KA-CHING THE CONCESSIONING BY RACHEL WILEY


Public-private partnerships are no stranger to the college campus. From bookstores to food services, contracted service providers aid in an efficiently run campus. Longer-term partnerships, however, as with concessioning, partnerships.


“Unlike public-private partnerships,


are the new frontier in public-private concessions


involves turning over responsibilities for a large cash payment. They cannot be easily renegotiated or the agreement broken, and the details of the agreement are fixed up-front,” says Barbara Chance, President and CEO of CHANCE Management Advisors, Inc. (CMA) a transportation, parking and access management firm. Founded in 1984, CMA has gone on to work with institutions such as Arizona State University, Princeton University, Cornell University, Duke University and the University of Delaware, among others, in order to consult and improve campus transportation issues. Most recently (and perhaps also most notably), CMA partnered with Ohio State University to perform a parking and transportation analysis.


Later, OSU accepted a bid from a private Concessionaire to address their parking needs – to the tune of $483 million.


16 NOV/DEC 2012 • TODAYSCAMPUS.COM


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44