CHICAGO — Ohio State University on Friday is expected to tap a private investor that has offered $483 million in cash to take over the school’s parking system for 50 years in a deal that would make OSU the first public university to privatize such an asset.

The school will hold a series of public meetings this week and on Friday will announce the winning bidder, chosen from a short list of three respondents whittled down from 10 teams that responded to the request for proposals last year. The Board of Trustees will vote on the selected bidder June 22.

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