The move comes after many students voiced concerns about Gate A's long wait time and safety issues following Penn State's opener against Nevada.
The Bellisario Assistant Dean will serve alongside Grand Marshal Anthony 'Spice' Adams.
The parking restrictions being lifted this weekend include the "no parking 2 a.m to 6 a.m" rule and one- and two-hour limits.
Adopting a late-night business model could elevate Waffle Shop into the upper echelon of State College restaurants.
Thompson has started the last two years for the Nittany Lions after joining from FAU.
The third year securities and risk analysis major is set to begin his role immediately.
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