Nearly two decades after a $1.15 billion deal privatized Chicago’s parking meters, a window has opened to seize the valuable asset back from private investors.
Mayor Brandon Johnson’s administration is at least exploring the idea. But the mere discussion of the multi-billion acquisition raises more questions than it answers.
Chief among them is whether a city already saddled with more debt per capita than any big city in the nation should borrow billions more to buy out the 57 years that remain on the parking meter deal that Chicagoans love to hate…