It’s Official: Chicago Parking Privatization a Massive Rip-Off
City parking meters are a gold mine, and in Chicago, Morgan Stanley is rolling in parking riches. Secret company documents leaked to reporters show the company will rake in a 70 percent profit margin this year from its $1.15 billion, 75-year lease of Chicago’s parking meters. This profit is on top of the millions Morgan … Continued
November 20, 2009
San Francisco Launches Ambitious Parking Reform Program
San Francisco is lunging out of the parking dark ages. Backed by the mayor and city council, the San Francisco Municipal Transportation Agency is launching "SFpark," a comprehensive, curbside parking reform project encompassing ten city neighborhoods.
May 6, 2008