The owner of the spots are the city but the owner of the parking meters are this corporation. The city will owe fees if they decide to change usage. So this is

The owner of the spots are the city but the owner of the parking meters are this corporation. The city will owe fees if they decide to change usage. So this is a sour deal because now they'll either have to leave them as open spots (waste) or pay this company for lost revenues if they change them (waste).