That ear drum shattering sucking sound you hear is $1.16 billion dollars going down the drain.
According to a front page story in today’s Sun-Times, as of the end of 2009, only $180 million of the $1.16 billion Morgan Stanley paid for a 75 year lease to operate Chicago’s parking meter system.
When the lease deal was [...]
Archive for the ‘Parking Meter Lease Deal’ Category
July 21st, 2010
$1 Billion In Meter Money Down The Drain
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July 20th, 2010
Poll: 80% Of Voters Still Hate Meter Lease Deal
Local news organizations over the past few days has been spending a lot of time hashing out the latest poll numbers on Mayor Daley.
The most recent Chicago Tribune poll shows an incumbent mayor with some pretty low numbers.
In fact, Mayor Daley’s weakest poll numbers ever.
One of the key issues that has put the Mayor’s favorability [...]
Tags: July 14th, 2010
One Billion Dollar Parking Meter Bake Sale
Chocolate chip, oatmeal raisin, rice crispy treats.
That’s just a few of the cookies and other goodies the folks at Illinois PIRG brought to Daley Center Tuesday morning for their billion dollar bake sale according to Progress Illinois website.
A billion dollars?
That’s the revenue Illinois PIRG estimates the City of Chicago lost over the course of [...]
June 21st, 2010
Meter Math Adds Up To Big Bucks
City, Meter Company Both Profit From Resumed Enforcement
With Chicago Parking Meters, LLC resuming meter enforcement again Monday, perhaps some mathematical insight will shed some light on the politics.
According to company sources, the new meter company sees enforcement as a key component of revenue.
CPM wants heavy enforcement so drivers are scared into feeding their meters. The [...]
June 20th, 2010
Geek, Bob Sirott Talk Increased Meter Enforcement On WGN Radio Monday Morning
That dimwit Parking Ticket Geek joins the affable and talented Bob Sirott Monday morning on WGN 720 AM.
Make yourself a bowl of Chicago Blackhawks adorned Wheaties and hear the two discuss the resumption of parking meter enforcement Monday by Chicago Parking Meters, LLC.
Pour your milk at around 6:30 AM, so your cereal doesn’t get too [...]
June 18th, 2010
Parking Meter Company To Resume Ticketing Monday
After a 15 month hiatus, Chicago Parking Meter, LLC, the private company which controls the city’s parking meter system, will resume parking meter enforcement starting Monday according to the Department of Revenue.
However, instead of hiring and overseeing its own staff, CPM has contracted SERCO, a company that has been providing supplemental parking enforcement for [...]
June 4th, 2010
DOR’s First Deputy Director Steps Down Friday
Very quietly Friday, after 16 years with Chicago’s Department of Revenue, First Deputy Director Matt Darst will leave city government for good.
“Matt Darst has decided to leave the City of Chicago Department of Revenue for a position in the private sector,” said colleague and DOR spokesperson Ed Walsh. “Matt told me it was a difficult [...]
May 6th, 2010
On Sundays, Parking Meters Make It ‘Pay To Pray’
Sundays were free.
No one had to feed meters on Sunday in Chicago before 2009.
That was until parking meter privatization came along.
Now, parking meters have to be fed every day of the year and it’s really messing with some Chicago church goers according to the Chicago Tribune.
April 15th, 2010
Chicago Parking Meters Debut New, Motorcycle Friendly Receipts
Over the past few weeks, motorists parking at Chicago parking meters may have noticed a mild change to their pay and display receipts.
The pay boxes are not printing out on the lightweight thermofax paper receipts anymore, but instead are spitting out new adhesive backed meter receipts just in time for the motorcycle/scooter season.
The pay boxes, [...]
April 1st, 2010
Mayor, Parking Meter Company Announce FREE Parking Today
In a surprise and unprecedented move, in an early morning press conference Chicago mayor Richard Daley along with officials from Chicago Parking Meter, LLC, announced, a special day of FREE parking at all city parking meters for today only.
“I know the driving citizens of Chicago already have been hit hard by the 500% increase in [...]
