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BUSINESSBlock Club Chicago·8h ago

Another Private Investment Group Is Set To Make Billions From The Parking Meter Deal

Photo · Block Club Chicago
AI TLDR · GEMINI

The City Council's finance committee approved a new sale of parking meter rights to a private investment group. Under the agreement, the city will receive a 5 percent share of future parking meter revenue.

The City Council's finance committee approved a new sale of the meter rights — but the city would get a 5 percent cut of the parking meter income going forward.

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