For years, football fans have parked at Iowa City's Olive Court and passed a ball, grilled brats and enjoyed a beverage. But the former owners say they're tired of cleaning up the mess.
Sheryl Neuzil is quoted on KGAN's web site as saying they parked 700 cars every home game for a fee of $25 per car. That comes to $17,500 per home game. At that rate, six home games per year generates $105,000.
Were they really tired of it or did they see much higher dollar signs by selling it off to a developer? KGAN: "Neuzil signed a deal Wednesday and 31 condos will be here next fall."
She said she was sorry it happened, but "...that's the way it goes."
The "it" being business, I imagine.
Thursday, September 4, 2008
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