Report: City Lost $1 Billion On Parking Meter Deal

A private company took over Chicago parking meters and pay boxes earlier this year. Ever since, there's been nothing but trouble. Now a scathing report accuses the city of poor planning and bad math.

Topics:  chicago   report   city   parking meter   
BING NEWS:
  • Sacramento police investigate surge in parking meter vandalism
    Police found close to 1,400 meters were damaged. It's resulted in $400,000 in repairs, which comes from taxpayers' money.
    12/10/2024 - 12:25 pm | View Link
  • Sacramento Police combat parking meter vandalism
    The City of Sacramento has spent nearly half-a-million dollars in repairing or replacing more than a thousand parking meters since October, according to the Sacramento Police Department. Within a ...
    12/10/2024 - 3:16 am | View Link
  • Sacramento parking meter vandal spree is knocking hundreds of machines out of commission
    More than 1,395 meters have been damaged since October, resulting in $400,000 in repairs and $15,000 in stolen revenue, say police.
    12/9/2024 - 4:01 am | View Link
  • Sacramento sees wave of parking meter vandalism, police say
    Nearly 1,400 meters have been damaged since October, causing tens of thousands of dollars in damage, police said.
    12/8/2024 - 8:22 pm | View Link
  • Chicago’s parking meter deal still haunts the city’s finances 16 years later
    CHICAGO - This Wednesday, Chicago marked the anniversary of a financial deal so contentious it’s often referred to as one of the city’s biggest blunders—the infamous 75-year parking meter lease ...
    12/4/2024 - 3:35 am | View Link
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