Millennium City: Richard M. Daley & Global Chicago

FOCUS ON: Parking meter deal

In 2007 and 2008, a financial crisis plunged the United States economy into a deep recession that strained Chicago’s finances. One tool to relieve that strain was to privatize management of the city parking meters.

img: [Cover of one of city’s budget reports from 2009 or 2010: e.g., b. 1-306, or b. 1-307] [note: needs to be sent to photo lab as of March 26, 2020]

Paul Volpe, the mayor’s chief of staff (2008-2010), discusses Daley’s decision to lease parking meters to a private firm for seventy-five years:

Others reflect on the parking meter decision:




 

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