Chicago's Parking Meters: Can the City Reclaim Control?

Chicago’s City Council finance committee postponed a vote on selling the city’s parking-meter rights to Stonepeak as lawmakers weigh whether the city can still buy back the system or form a public infrastructure trust to reclaim control. Mayor Johnson has not weighed in on the bid, and critics point to the deal’s high price and long private revenues through 2084, raising debt and political risks ahead of an election. Ald. Ervin floated a public-option route if the sale falters, but the outcome remains uncertain with a summer/fall vote still possible.