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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. The deductible is entirely paid by the POWER account. No one ever has to contribute more than $25/month into the POWER account and it is often less. The only cost not paid out of the POWER account is the ER copay ($8-25) for non-emergent use of the ER. And under HIP 2.0, if a member calls the toll-free, 24 hour nurse line, and the nurse tells them to go to the ER, the copay is waived. It's also waived if the member is admitted to the hospital. Honestly, although it is certainly not "free" - I think Indiana has created a decent plan for the currently uninsured. Also consider that if a member obtains preventive care, she can lower her monthly contribution for the next year. Non-profits may pay up to 75% of the contribution on behalf of the member, and the member's employer may pay up to 50% of the contribution.

  2. I wonder if the governor could multi-task and talk to CMS about helping Indiana get our state based exchange going so Hoosiers don't lose subsidy if the court decision holds. One option I've seen is for states to contract with healthcare.gov. Or maybe Indiana isn't really interested in healthcare insurance coverage for Hoosiers.

  3. So, how much did either of YOU contribute? HGH Thank you Mr. Ozdemir for your investments in this city and your contribution to the arts.

  4. So heres brilliant planning for you...build a $30 M sports complex with tax dollars, yet send all the hotel tax revenue to Carmel and Fishers. Westfield will unlikely never see a payback but the hotel "centers" of Carmel and Fishers will get rich. Lousy strategy Andy Cook!

  5. AlanB, this is how it works...A corporate welfare queen makes a tiny contribution to the arts and gets tons of positive media from outlets like the IBJ. In turn, they are more easily to get their 10s of millions of dollars of corporate welfare (ironically from the same people who are against welfare for humans).

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