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Purveyor

(29,876 posts)
Thu Dec 27, 2012, 11:31 PM Dec 2012

Congratulations, Chicago: Your City Now Has The Most Expensive Parking Meters In The U.S. ($6.50hr)

In a move that will earn it the dubious honor of being home to North America’s most expensive parking meters, Chicago’s downtown meters will start charging parkers $6.50 an hour starting on New Year’s Day, up from $5.75. It’s the highest rate for a downtown area and the fifth year the city’s parking meter rates have gone up. Umm, so, congratulations?

By the end of February Chicago Parking Meters LLC will have all machines set to new rates by the end of February, says CBS Chicago. Since that company took control of the city’s meters in 2008, rates have kept rising. It secured the lucrative contract under a 75-year lease championed by former Mayor Richard M. Daley.

MORE...

http://consumerist.com/2012/12/27/congratulations-chicago-your-city-now-has-the-most-expensive-parking-meters-in-the-u-s/

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Congratulations, Chicago: Your City Now Has The Most Expensive Parking Meters In The U.S. ($6.50hr) (Original Post) Purveyor Dec 2012 OP
Oops. n/t Sekhmets Daughter Dec 2012 #1
I guess private corporations can do things for less Angry Dragon Dec 2012 #2
That's appalling JReed Dec 2012 #3
75 year leases should be illegal. Luminous Animal Dec 2012 #4
This is shameful to be sure TroglodyteScholar Dec 2012 #5
Who could have predicted that a privatized monopoly would result in price gouging? n/t pa28 Dec 2012 #6
It's no surprise because the increases were written in to the contract. Hassin Bin Sober Dec 2012 #7
Monkey wrenches to the ready ProgressiveProfessor Dec 2012 #8
Oh yea don't go eat out and expect free refils on drinks loyalkydem Dec 2012 #9
Three cheers for privatization! City Lights Dec 2012 #10

TroglodyteScholar

(5,477 posts)
5. This is shameful to be sure
Thu Dec 27, 2012, 11:43 PM
Dec 2012

I won't go by car into Chicago unless I'm staying a while. If I can make my destination by train and on foot, cool. Otherwise I'll skip it.

Hassin Bin Sober

(26,482 posts)
7. It's no surprise because the increases were written in to the contract.
Thu Dec 27, 2012, 11:56 PM
Dec 2012

And Daley got himself a nice cushy consulting gig - with the law firm that negotiated and closed the deal.

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