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Business and Finance

Emanuel’s parking meter changes advance to City Council

The Chicago City Council Committee on Finance on Monday voted 15-6 to approve the revised terms of the city’s 75-year parking meter lease that Mayor Rahm Emanuel renegotiated with Chicago Parking Meters LLC.  

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Aldermen from the Committee on Finance spent another day going over the fine print of the city’s renegotiated parking meter lease agreement.

Mayor Rahm Emanuel brokered the changes to the deal between the city and Chicago Parking Meters LLC for the operation of Chicago’s parking meter system. Those changes affect how the city and the company collect meter data as well as when and where drivers are charged for parking.

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