YPSILANTI, MI — Eastern Michigan University will soon take back control of its parking system after officials took steps last week to end a lengthy legal battle — and the privatization deal that preceded it several years prior.
But so far, officials are mum on what that settlement will include.
EMU first privatized parking on campus in a 35-year agreement with Dallas-based Preston Hollow Capital in 2018. At the time, the deal assigned rights to Provident Group-EMU Properties and required a $55-million up-front payment to the university…