Fail Part One Chicago S Parking Meter Lease Deal
No one in Chicago has been happy about the recent hike in parking meter rates, but by last week the frustration had become outrage, and the outrage had become a political problem. Since the city’s speedy decision in December to lease the meters for 75 years in return for about $1.2 billion in quick cash, what you get for your quarter has declined precipitously. Worse, residents are fed up with the tickets they’re receiving thanks to broken meters and outdated labeling....