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> parking tickets outsourced to private companies. Chicago. "Chicago's Parking Meter Deal a Lesson in 'Worst Practices" - https://www.bettergov.org/news/chica
by eesmith 4y ago
> parking tickets outsourced to private companies.
Chicago.
"Chicago's Parking Meter Deal a Lesson in 'Worst Practices" - https://www.bettergov.org/news/chicagos-parking-meter-deal-a-lesson-in-worst-practices https://www.bettergov.org/news/chicagos-parking-meter-deal-a...
] In 2008, Chicago Mayor Richard M. Daley and the City Council agreed to lease Chicago’s parking meter business for 75 years and in return received $1.15 billion from Chicago Parking Meters LLC, a venture that includes Wall Street investment house Morgan Stanley, Alliance Capital Partners and the Abu Dhabi Investment Authority.
It also mentions:
] Indianapolis, Pittsburgh and Los Angeles are rethinking their parking meter deals because of Chicago’s difficulties, according to Bloomberg Business News. Unlike
- tarakat 4y ago> for 75 years A sure sign of corruption. An honest lease would be short, so that it can simply not be renewed if problems arise.
- sokoloff 4y ago> Chicago Mayor Richard M. Daley... is an approximately equally sure sign of corruption.
- ricree 4y ago>Indianapolis, Pittsburgh and Los Angeles are rethinking their parking meter deals This is over ten years old. I wonder what those cities wound up doing.