Quote:
Construction will begin in January to turn Maxwell Family Field, the playing field near the stadium, into a 450-space parking garage with a field on top. The university brought in a third party to finance, construct, and run the new parking garage. Cal didn't have to expend any funds of the project, and it will earn income when the operators pay rent and a portion of the profits.
http://www.berkeleyside.com/2013/12/17/improving-telegraph-avenue-on-new-uc-officials-to-do-list/