Why Chicago Is Always Talking About the Parking Meter Deal
Parking in Chicago is always difficult, but especially when it’s cold outside. In 2008, City Council voted to privatize Chicago’s parking meters for 75 years in return for $1 billion. But in the years since, analysis after analysis has shown the meters were worth much more, and the city lost out on revenues while investors earn a profit, and Chicagoans pay some of the highest parking rates in the country. While he was at the Reader, Block Club Chicago reporter and editor Mick Dumke investigated the deal after it first passed. We’re revisiting his conversation with host Jacoby Cochran to hear why Chicago went for it, who challenged it, and how we feel the effects today.
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