Tag Archives: Sacramento
NBC Chicago writer Edward McClelland last week boldly predicted that due to Chicago’s horrible experience with it’s infamous and hated parking meter lease deal, no city will ever privatize their parking meters ever again.
There’s only good thing about Chicago’s parking meter deal: no other city will ever again lease its parking concession to a private company.
McClelland points to when Pittsburgh flirted with the idea before turning its back on privatizing their meters.
But humorously, just a week after his gutsy prediction, Cincinnati signed away its parking meters for 30 years and a $92 million upfront payment according to the Business Courier.
In addition, it looks like Sacramento is poised to follow the Queen City any day now.