When Chicago pawned its parking meters
In 2008, Chicago faced budget problems and decided to privatize its 36,000 parking meters. The city leased them for 75 years to a private company for $1.16 billion, a decision that later became controversial.
In 2008, Chicago faced budget problems and decided to privatize its 36,000 parking meters. The city leased them for 75 years to a private company for $1.16 billion, a decision that later became controversial.