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Premium parking rates at airport to rise under new pact

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The most convenient and priciest parking at Indianapolis International Airport will cost even more under a new contract with Global Parking System of Indiana Inc.

The Indianapolis Airport Authority on Friday morning approved a new revenue-sharing agreement with Global, the current valet operator, which will boost the airport's annual revenue from premium parking to a projected $1.9 million this year from $800,000 last year.

Rates will go from $20 to $22 within the next few months, although they are subject to revision based on market response. The new two-year agreement also changes the service from traditional valet to a mix of valet, assisted valet and self-parking right next to the terminal sky bridge.

Parking is the airport's second-largest revenue source, generating almost $40 million a year. Spokesman Carlo Bertolini said total revenue from premium parking is conservatively projected to remain the same, $2.4 million, but that Global agreed to take a smaller share because it's now a proven revenue stream.

Locally based Global will keep 18 percent of premium parking money and 75 percent from ancillary services, such as oil changes and dry-cleaning.

Global was chosen over AmeriPark, Denison Parking, Parking Management Services Inc., Parking Solutions Inc. and USA Parking.

Also Friday, the airport authority signed off on new land leases for a second 75-acre solar farm to be constructed and operated by ET Energy Solutions LLC, a joint venture of Indianapolis-based Johnson Melloh Solutions and Carmel-based Telamon Corp.

The second 10-megawatt farm, expected to break ground in the third quarter, will be west of one that's currently under construction by the same group. When both solar farms are complete, Indianapolis will be the site of the largest airport-based solar farm in the country, airport officials said.

The second solar farm is expected to produce more than 15 million kilowatt hours of electricity a year, or enough to power 1,200 average homes. Electricity will feed directly into the Indianapolis Power & Light grid through existing surface transmission lines that connect the airport terminal to an IPL substation west of the airport.

“Development of a second IND-based solar farm is the result of our continued focus on both economic sustainability and environmental commitments,” airport Executive Director Robert Duncan said in a prepared release.

Under land leases with two separate development sub-entities, Bulldog Energy Airport LLC and Indy Airport Solar Project II, the airport will receive $300,000 a year in rent for the first half of the 30-year contract and $350,000 a year in the second half.

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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