The University of Florida has hired Walker to perform an operational and financial analysis of its parking auxiliary, in support of a potential P3. Walker has worked for UF on numerous occasions in the past. We will be working with the University’s finance office and its financial advisor, Morgan Stanley. If the university decides to move forward with a monetization, Morgan Stanley will then advise on the solicitation process, including collecting bids and letters of credit, and conducting due diligence.
The university has a total of 24,003 parking spaces, the majority of which are in surface lots. Parking operations generated revenue of USD 11.4M in 2012-2013.
Project kick off is scheduled for late August. Jon Efroymson and John Dorsett will lead this effort.