Council Approves $2.5 Billion Parking Meter Sale, With City Set To Get Share Of Profits
Chicago alderpeople approved a $2.5 billion parking meter deal. The city expects to receive approximately $375 million in profits over the next 57 years.
Alderpeople voted 46-3 Tuesday to approve the deal that is expected to generate about $375 million for Chicago over the next 57 years.
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