Chicago City Council Committee Expected to Vote on Transfer of Ownership of Parking Meters

Morgan Stanley's $2.5 Billion Parking-Meter Sale Roils Chicago Council

Proposed Sale of Parking Meters Stalls Amid Widespread Opposition

Open the article to view the coverage from WTTW

Finance Committee stalls showdown vote on sale of Chicago parking meters

Budget Committee Chair Jason Ervin (28th) wants to use the delay to push an alternative plan to create a public infrastructure trust similar to the one created, then abandoned, by former Mayor Rahm Emanuel to acquire the parking meters.

Ald. Jason Ervin: We should vote no on the parking meter transfer for the sake of a better investment policy – Chicago Tribune*

"A Chicago Public Infrastructure Trust could give the city and its pension systems a vehicle to evaluate direct ownership of revenue-producing public assets. If the numbers work, the city and the pension systems could contribute capital and receive proportional ownership interests. Taxpayers would benefit from the city’s share. Retirees and workers would benefit from the pension systems’ share. The public would benefit from a structure designed …

Mayor Brandon Johnson’s budget chair comes out against parking meter sale

Ald. Jason Ervin became the latest council member to join the naysayers on the proposed deal that would land the parking meters a new owner.

Chicago City Council committee expected to vote on transfer of ownership of parking meters

A Chicago City Council committee could take the city one step closer to a new parking meter deal.