We’ll be auctioning 30 permits, valid for fall semester, at both the Henderson Garage and the Poplars Garage. These permits will be valid from the date of purchase through January 16, 2022.
Note, this is a reverse auction. The buyers determine the final price. All permits for each garage will be sold to everyone who submits a bid for that garage at the price of the lowest bid submitted.
So, if 20 people submit a bid for $700, and 9 people submit a bid for $550, and one person submits a bid for $475, everyone who bid will pay $475 for their garage permit.
Successful bidders will receive a confirmation email of their bid, as well as notification email of the final price, once the auction closes.
Follow our social media accounts on Facebook and Twitter @IUTransport for updates about bidding periods and the closing of an auction.