IU's CFO says the money the university could have received from a lease was not enough to justify losing control of the parking operations for 50 years.
More than 1,500 digital parking meters, costing the city almost a $1 million, will be installed this summer.
The Bloomington City Council approved Wednesday an ordinance that implements metered parking downtown.
The Chamber of Commerce does not condemn the idea of metering more spots downtown but says the city should move forward slowly with its parking plans.
City Council President Darryl Neher and Mayor Mark Kruzan say they would like more time to consider the plan that would implement metered parking downtown.
A proposal going before the Bloomington city council would virtually eliminate free parking from the downtown retail district.
Indiana University officials say they want Goldman Sachs to tell them whether privatizing parking would help the university's bottom line.
A potential plan to privatize parking operations could bring a hundred-million-dollar windfall to the school — but also has faculty members concerned.
Kokomo's mayor and the president of the Howard County commissioners consider ways to keep county employees out of downtown spaces.
Indiana University employees say if the university is willing to privatize its parking, it could provide a gateway to privatizing other operations.