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.
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
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.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Typical democratic party governance. Not only do they waste taxpayers money when they spend, they squander a public asset when they sell!
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.
What a financial mess this is and to think…the people of Chicago voted for Daley
“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.
Richard M Daley should be in a prison cell with Mike Madigan.
Who runs Barter Town? The Potato Mafia
If anyone needs proof that politicians are rotten business-people, this deal is exhibit #1.
This deal was Chicago at its stupidest