Companies raked in nearly $266M from parking meters, other city assets last year – Chicago Sun-Times

Chicago’s parking meter system raked in another $132.7 million in 2018, putting private investors on pace to reap a hefty return on their initial $1.16 billion investment with 65 years to go on the 75-year lease. The company is expected to continue to rake in an average of $60 million in annual parking meter revenues for the life of the lease.

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