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Parking auction begins today!

August 23, 2010

Want convenient parking? Today, Monday, Aug. 23, is the first day to jump into the C-Park auctions, the interactive online auction process for purchasing parking permits that allow access to some “premium” and “awesome deal” campus parking lots!

Opening today are the auctions for the Reserved parking spaces and – new this year and potentially a very good deal – the Villa Park Orchard Lot (VPO), across from Marion Knott Studios (yes, a new parking lot for Chapman!), which will start at just $50 and could drop. You don’t need to purchase a regular $290 parking permit to enter the VPO auction. The VPO lot is on the corner of Palm Avenue and Cypress Street, near the film school.  Please note – VPO auction winners will not be able to park in regular (i.e. $290) permit lots.

The auction for the Argyros Lot will begin on Thursday, Sept. 2.   So get ready – as those of you who were here last year know, the folks who bid on the Argyros Lot got a fantastic deal – it went for only $20 over the baseline parking price, and for that, the permit-holders got access to a lot that offered opportunities for extremely convenient parking.  We can’t guarantee the same results this year, of course, but you can never tell with auctions.

As announced last week, the Lastinger Structure will not be part of the auction this year.  Access to Lastinger will be granted to those purchasing the standard $290 parking permit.

If you have never participated in the C-Park auction before, forget what you know about rising prices at art auctions and EBay bidding wars. C-Park auctions are designed as falling-price auctions, or Dutch auctions. Participants benefit from the market dynamic of seeing prices fall rather than rise. For example, those VPO permits will start at $50 and not go up — and could go down!

Visit the C-Park website at www.chapman.edu/parking for more information and a helpful tutorial on how to bid.

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