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  1. Chicago Sun-Times - All | Chicago's parking meters could be sold again under deal requiring City Council approval by Elleiana Green

    AI generated summary, Read the full article for complete information.

    Chicago’s parking‑meter system is poised for another sale: the current owner, Chicago Parking Meters LLC, has reached a tentative agreement to sell the asset to New York‑based Stonepeak Partners, but the transaction must be approved by the City Council, which may demand concessions for the city. Mayor Brandon Johnson confirmed the deal on Monday, noting that it would transfer ownership and profit collection rights. This follows earlier discussions in January when Johnson explored buying back the remaining 57 years of the controversial 75‑year meter lease created in 2008 under former Mayor Richard M. Daley—a plan he later abandoned after deeming the $3 billion price “a bad deal even worse.”

    Read more: chicago.suntimes.com/city-hall

    #StonepeakPartners #BrandonJohnson #RichardDaley #CityCouncil #Chicago