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CHICAGO REAL ESTATE NEWS & MORE

CHICAGO PARKING METERS SEE INCREASE IN 2013; HIGHEST RATES IN NATION AT $6.50HR

parking meterWe can all thank former Mayor Richard Daley for the change in parking meters before he left office.  It was one of his worst decisions during his stint as Chicago’s Mayor, along with the late night demolition of Meigs Field.   It was obvious the one billion dollar quick fix, leasing the meters to a private firm for 75 years, would cost city residents dearly.  But many may be surprised at the speed of the increase and amount.

The city has officially earned a title Chicago residents are dreading…the most expensive parking meters in the nation.  Effective January 1, 2013, get ready to dish out even more when parking in the city; including the loop and area neighborhoods.

The rates in the loop will increase to a whopping $6.50 per hour (up 75 cents), so you may want to ride the bus going forward.  It is an outrage that the Mayor sold us out for a one-time fix and the deficit was never even repaired.  Where did all that money go?  Why do we continue to suffer?

Just when we thought the ridiculous cost to park downtown could not get any worse…it did.  There was a day that New York city seemed over-the-top when it came to affordability, but now Chicago is closing the gap.

I would love to know what happened to the billion dollars…it sure did not fix our schools, roads, taxes or city jobs.  The only up side to this story, is that our current Mayor Rahm Emanuel is having the parking meter contract reviewed closely, to find any gaps.  But good luck with that, it was such a hasty decision they were sure to pull wool over the eyes of Daley.

Let’s face it, Daley was desperate and gave no thought to that contract, or he would have had a gradual (small) increase included.  Better yet, he would not have sold his soul to the devil in the first place!  This is a disgrace for our great city.

What do you think?

GREAT FULL ARTICLE ON THIS SUBJECT...http://theexpiredmeter.com/2010/03/the-meter-lease-deal-%E2%80%93-a-daley-double-part-1/

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December 29, 2012 - Posted by | CHICAGO NEWS | , , , , , , , , , , , , ,

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