City Council leaders broker compromise on parking meters, focus of the deal Chicagoans love to hate
Chicago City Council leaders have brokered a $2.5 billion deal that would allow a New York investment firm to acquire the city’s parking meter system. The proposed agreement includes a range of benefits for both the municipality and local motorists intended to address long-standing public dissatisfaction with the meter contract.
<p>City Council leaders have brokered a proposed deal that could pave the way for approval of a New York investment firm to acquire Chicago's parking meters for $2.5 billion, in exchange for a host of lucrative benefits for the city and motorists.</p><p>Former Mayor Rahm Emanuel once tweaked Chicago’s widely despised parking meter deal with a free Sunday parking provision that, as he put it, made “lemonade out of lemons.”</p><p>The agreement quietly brokered with…
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