YPSILANTI, MI — Eastern Michigan University will soon take back control of its parking system after officials took steps last week to end a lengthy legal battle — and the privatization deal that preceded it several years prior.

But so far, officials are mum on what that settlement will include.

EMU first privatized parking on campus in a 35-year agreement with Dallas-based Preston Hollow Capital in 2018. At the time, the deal assigned rights to Provident Group-EMU Properties and required a $55-million up-front payment to the university.

However, by early 2023, Eastern issued a notice of default to Provident EMU , an Arizona-based company, for allegedly failing to maintain upkeep on — and leading to the months-long closure of — a four-story parking structure on campus. Soon after, Pr

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