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That's the hot mess happening in Chicago right now. In a 75-year, $1.15 billion lease between the City of Chicago and Morgan Stanley, the bank gets to operate and earn revenue from 36,000 parking meters and several parking structures in the city. Not only that, the city just significantly increased parking meter rates and expanded hours and enforecable hours--including Sundays, some holidays and 24/7 in downtown. The city still gets to enforce and keep revenue from parking tickets, but Morgan Stanley can do supplemental enforcement in parking garages.
Today, the LA Times said Mayor Antonio Villaraigosa's has been "quietly" exploring the idea for Los Angeles by "building a team of financial experts and attorneys who could advise him in structuring a deal." Will our 43,000 meters be under control of a private company next?
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Please don't make me imagine that. I still can not get used to checking the ones that are enforced after 6pm. When I get to one of those neighborhoods, frustration ensues.
It would certainly help a lot if we had the same type of rail system that Chicago has. I think that should be pre-requisite before allowing a private company (or the city for that matter) to screw over everyone with a car.
So what happens when it's to expensive to park, and you can't get anywhere on the free ways cause they are packed and in horrible shape anyways. Then the state takes funds to run the bus system?
I'm glad I have a bike...
You know, it's not 1984. I am not walking around with a pocket full of quarters anymore. I never have any change for a meter.
I hate the idea of using a debit card for meters, simply because of the hack-ability of anything that takes a credit card.
I think I am going to start parking right in the middle of the street. I'm going to end up with a parking ticket anyway, why not go for the gold. :P
$2/hour outside Capitol Records. THIEVES!
It must be nice to write an article that is completely false.
"Morgan Stanley can do supplemental enforcement in parking garages"...what does that mean, other than it's false (and illogical).
Chicken Little better do some basic research before writing an article. No wonder newspapers are going bankrupt.