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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsChicago's parking meter privatization debacle: The company running them wants $14 million more
from the Sun-Times:
The private investors who run Chicagos parking meters are doing better than expected, and now theyre demanding an additional $14 million they say theyre owed under obscure provisions of the wildly unpopular 2008 deal that privatized metered parking and caused rates to soar, records show.
Disputing the claim, City Hall says Chicago Parking Meters LLC is seeking a windfall to which it is not entitled.
The $14 million bill stems from parking revenues the meter company says it lost when the city took meters out of service last year because of street repairs, festivals and other city-sponsored activities, according to documents obtained by the Chicago Sun-Times.
This is the second time in a year that the company has hit City Hall with a claim for a big parking tab. The Emanuel administration already is in arbitration over a $13.5 million claim over free parking that Chicago Parking Meters says it provided to people displaying disabled-parking placards or license plates in 2010. .............(more)
The complete piece is at: http://www.suntimes.com/12299030-417/chicago-parking-meter-company-wants-more-money-mayor-balks.html
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Chicago's parking meter privatization debacle: The company running them wants $14 million more (Original Post)
marmar
May 2012
OP
leftyohiolib
(5,917 posts)2. not to worry rahm will fix it, he'll fix them all
Fumesucker
(45,851 posts)3. It's not for nothing they call him Rahm the Nine Fingered.. n/t
Gidney N Cloyd
(19,833 posts)4. Good luck to the meter company finding a judge City Hall doesn't own...
Not that I'm siding with the meter company.