The Expired Meter estimates if those 72 pay boxes brought in $1.50 a week, the parking meter lease would be over before the meters made a return on their investment.
Parking Meters Boxes Installed Where Drivers Never Park
Extra, Extra
- While Scott Lee Cohen may have let himself be muscled off the Democratic ticket for Lite Guv, he's clearly not going away anytime soon.
- Speaking of Lite Guv, Illnois House Speaker Michael Madigan has proposed an amendment to do away with the office entirely by 2015.
- CBS 2's Dave Savini put away the black light for a minute to reveal a "hidden epidemic" amongst area school children. Not obesity, not autism -- gym class injuries.
Inspector General: We Got Ripped Off on Meter Deal
A couple of weeks after Chicago Reader's Ben Joravsky and Mick Dumke published a story estimating that the city was grossly underpaid in the parking meter privatization deal, City Inspector General David Hoffman has released his own report on the lease with LAZ Parking and he agrees -- he estimates that the city should have been paid over $2 billion dollars instead of the $1.15 billion it received.
City Pitching in to Fix Meters
Will the clusterf*ck otherwise known as the transfer of the city's parking meters into private hands finally be the thing to spur the citizenry of Chicago to vote Mayor Daley out of office? Well, no, probably not, but we think many are waking up to what a mess privatizing Chicago's assets can be.
Parking Meter Reprieve
The Expired Meter speculates that it will be at least March if not April before all the meters are changed. Finally, one time that we don't mind municipal work happening slowly around here. Take your time, boys!
Bring Your Quarters
Don't forget, as part of Mayor Daley's attempt to sell off every one of Chicago's assets to fix its budget "crisis", the city sold off its parking meters which resulted in the loss of all "parking meter holidays". So if you're parked at a metered spot today, you had better dip into the laundry money and pump quarters into that meter or you're going to start your new year with a parking ticket.

