From Bloomberg | Chicago’s controversial parking meters deal, forced into effect by Mayor Richard Daley in 2008, has had many lessons for other cities considering their own parking meter agreements. Cities like Indianapolis, Pittsburgh and Los Angeles are considering options such as taking less money up front in favor of more total fees, and demanding exit clauses that let them end the lease.
Chicago Parking Meters
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An $11B return on Chicago parking meter lease?
From Bloomberg | A Morgan Stanley-led partnership will get at least $11.6 billion from Chicago drivers over the next 75 years, 10 times what Mayor Richard Daley got when he leased the system to investors in 2008. Get the full story »
