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Why does the cost of parking continue to rise even though there isn any available parking around the Medical Center campus for faculty and staff?

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Why does the cost of parking continue to rise even though there isn any available parking around the Medical Center campus for faculty and staff?

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Transportation and Parking Services is an auxilary department of the University, which means the department must self-generate all needed revenue to build, operate, and maintain all parking and run CABS (Campus Area Bus Service). Parking permits and the hourly fees collected from visitors are the only source of pay for these expenses. As surface parking is consumed by buildings-it is necessary to replace it with parking structures, which cost $20,000/space to build (as opposed to $2,500 for a surface parking lot) along with the cost to operate and maintain. In order to meet these requirements it is necessary to raise the cost of parking. Why is parking being lost throughout the Medical Center campus? To Top As the OSU campus continues to grow it is more difficult to find open space to build new projects. The only feasible solution to the problem is to build on surface parking lots located throughout campus, or tear down existing structures. Due to the proximity needs of many of the con

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