They essentially “rent” the land (the parking lot) from the actual owner. They then can make money off it, and they just pay the rent back to the school/government.
So if the government builds a parking lot next to their building, they can rent the land to a parking company for, say, $5000 a month. If the land has 100 spaces and they charge $100 a month for a monthly parking pass, the parking company makes $10,000 a month and pays $5000 of that back to the government as rent.
Latest Answers