Recent Chicago Parking Audit Spells Bad News for Motorists (and Every Other Resident): – National Motorists Association Blog

As of 2022, 61 years are left on the 75-year parking meter lease now held by the Chicago Parking Meters LLC. A recent city audit stated that the private company had already recouped its entire $1.16 billion investment plus $502.5 million more.
8 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Old Joe
3 years ago

Typical democratic party governance. Not only do they waste taxpayers money when they spend, they squander a public asset when they sell!

Ataraxis
3 years ago

Who was the mayor who made that deal? Some name that sounded like Haley or Fraley, or something like that? Seems like no one remembers him, he just disappeared, like he never existed. Did he move to Florida, or Michigan, or overseas? Too bad no one has seen or heard of him, would be nice to ask him some things. If I’m ever downtown, I’ll have to stop in at City Hall and ask if anyone knew him. Maybe they’ll remember his name, maybe not.

Riverbender
3 years ago

What a financial mess this is and to think…the people of Chicago voted for Daley

Mary Ladd
3 years ago

“An Axios Chicago report found that traffic fatalities near the camera sites have soared 114 percent, compared to a 44 percent increase not controlled by automated cameras.”

There have always been bad drivers, but everyone knew that with automated cameras, even the usually cautious drivers would speed thru intersections or make risky left-hand turns to avoid a red-light camera ticket. These cameras were always about revenue, revenue that was lost thanks to Daley.

Zephyr Window
3 years ago

Richard M Daley should be in a prison cell with Mike Madigan.

Marko
3 years ago
Reply to  Zephyr Window

Who runs Barter Town? The Potato Mafia

vb
3 years ago

If anyone needs proof that politicians are rotten business-people, this deal is exhibit #1.

Giddyap
3 years ago

This deal was Chicago at its stupidest

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE