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mopinko

(73,743 posts)

34. from the inspector general's report

Fri Jun 15, 2012, 11:42 AM

Jun 2012

The lease agreement requires that the concessionaire make improvements to the parking- meter system. Specifically, the lease agreement requires that any space “with a Metered Parking Fee of at least $1.50 per hour must have a payment option at the point of sale other than the cash payment.”37 The Concessionaire must “provide such payment option ... no later than 180 days after the first Day that the Metered Parking Fee for such Metered Parking Space is at least $1.50 per hour.”38 The City projected that the cost of this upgrade was $50 million over the first two years of the lease.39

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Bloomberg To Sell Off NYC Parking Meters - 75 Years Of Revenue For A One-Time Cash payment [View all] HiPointDem Jun 2012 OP

The Chicago deal was especially bad. n/t PoliticAverse Jun 2012 #1

Very bad for us. Great for the investors. Great for Daley. Hassin Bin Sober Jun 2012 #14

they really stuck it to the city with those additional fees, didn't they? i also read that HiPointDem Jun 2012 #17

I haven't seen it. Maybe more downtown. Hassin Bin Sober Jun 2012 #18

"They ARE exercising their right to hire their own meter readers" ? they = abu dhabi? i don't HiPointDem Jun 2012 #19

Yes. Chicago Parking Meters LLC is a management company owned by the investors: Hassin Bin Sober Jun 2012 #23

so basically it's the ruling family in abu dhabi getting 1/4 the revenues, & a bunch of rich morgan HiPointDem Jun 2012 #24

I haven't seen a meter box off a major (commercial) street anywhere on the North Side alcibiades_mystery Jun 2012 #22

no. city still says where they should go. mopinko Jun 2012 #31

Thank you jehop61 Jun 2012 #27

Would booting out the UN generate any new revenue for the city? bluestateguy Jun 2012 #2

I can think of a couple addresses that would DEFINITELY generate tax revenue... jmowreader Jun 2012 #8

How typical of him to do this. he never thinks. n/t hrmjustin Jun 2012 #3

So fucking lame BeyondGeography Jun 2012 #4

So Bloomberg is going to follow Richie Daley's lead to sell offf and privatize the parking meters. AnotherMcIntosh Jun 2012 #5

most definitely. HiPointDem Jun 2012 #7

bloomberg pls go RedCappedBandit Jun 2012 #6

same thing as a drug addict selling the VCR and microwave waddirum Jun 2012 #9

Well, Daley and Bloomberg aren't alone in selling off snappyturtle Jun 2012 #10

i think some people are getting some nice kick-backs....just saying. HiPointDem Jun 2012 #11

Mayor Daley retired and got a job working for the attorney firm.... Hassin Bin Sober Jun 2012 #13

For sure! nt snappyturtle Jun 2012 #29

al services withprivitization creep spike91nz Jun 2012 #12

thanks for the information about rca -- i looked it up & was surprised to find they run private HiPointDem Jun 2012 #20

I do not believe that politicians have the right to sell off MindMover Jun 2012 #15

Well it's been going on for decades and nothing yet. Egalitarian Thug Jun 2012 #36

Think what he can get by selling the city's tax revenue straight up. JackRiddler Jun 2012 #16

If our Daley lesson is accurate, it may be the only way to get rid of Bloomberg alcibiades_mystery Jun 2012 #21

I will gladly pay you Tuesday for my hamburger today. AT WHAT %??? Festivito Jun 2012 #25

Wait, so to park on a public street you will need to pay a private company? me b zola Jun 2012 #26

Ugh. AzDar Jun 2012 #28

Chicago is really regretting this obamanut2012 Jun 2012 #30

ok, fact check on chicago. mopinko Jun 2012 #32

You are the first fellow Chicagoan I have ever heard praise these. ieoeja Jun 2012 #33

from the inspector general's report mopinko Jun 2012 #34

Christ! What does that even mean? Hassin Bin Sober Jun 2012 #40

i think it has been grossly misrepresented. mopinko Jun 2012 #35

Well she supports red light traffic cameras and speed cameras. Calls it an asshole tax. Hassin Bin Sober Jun 2012 #38

Thank you for that amplifying bit of information. It does provide perspective. MADem Jun 2012 #39

Cut and pasted right out of the city's "report" Hassin Bin Sober Jun 2012 #41

He wants to drive cars off the streets--maybe he's hoping they'll overcharge. MADem Jun 2012 #37

That's one of the kickers. Hassin Bin Sober Jun 2012 #42

city enforces the meters, city gets the ticket money. forcing cars off the streets mopinko Jun 2012 #43

Feeding meters over the posted limit is illegal. Hassin Bin Sober Jun 2012 #45

Maybe onerous parking fees will promote public transportation, dgauss Jun 2012 #46

Post removed Post removed Jun 2012 #44