When you park your car in Chicago and pay the meter, the payment doesn’t go to the city like most American cities. Instead, a company partly owned by foreign investors is pocketing the revenue.

Chicago marked the anniversary of a financial deal so contentious it’s often referred to as one of the city’s biggest blunders—the infamous 75-year parking meter lease. Back in 2008 ...

Starting on Jan. 2, parking meter rates will increase from $2 to more than $4.50 per hour. City officials also plan to add metered parking in several major commercial corridors including portions ...

4, 2008, the Chicago City Council approved a third transaction, the “notorious” parking meter deal of 30,000 parking meters/spaces for an up-front lease payment of $1.156 billion ($38,533 per ...

We live in a fast-paced world that can, if we are not careful, pass us by without an “excuse me.” For example, I’ve never been one to pay much attention to parking meters. You slip a little ...