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

[Purveyor]

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.

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