Business Career
Metzenbaum became independently wealthy through investments, particularly in real estate near what became the Cleveland Hopkins International Airport, which Metzenbaum and his partner, Alva "Ted" Bonda, correctly envisioned would make for extremely profitable, 24-hour, well-lit parking lots. The business expanded to become Airport Parking Company of America (APCOA), the world's largest parking lot company. By 1970 he had sold his interest in his airport parking lot company for $20 million. In the early 1970s, Metzenbaum co-owned the Sun Newspapers chain of weeklies in the Cleveland suburbs. Bonda and Metzenbaum also started one of the country's first car-rental companies, now Avis.
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