Chicago Council Approves Sale of Parking Meter Lease to Investment Firm
The Chicago City Council approved the sale of the city's parking meters lease to Stonepeak Partners. The deal provides an upfront payment of $75 million and a 5% share of future profits for the city. These funds are expected to benefit the city’s pension funds.
Sources (1)
- NBC 5 Chicago (WMAQ)Sep 30, 12:00 AM