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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 think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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