Parking Meters LLC to sell the city's parking meter operation to New York-based Stonepeak for $2.53 billion, according to a report in The Center Square. Supporters said the payment and profit-sharing provisions would benefit taxpayers and help the city meet financial obligations.
Parking Meters LLC to sell the city's parking meter operation to New York-based Stonepeak for $2.53 billion, according to a report in The Center Square.
Supporters said the payment and profit-sharing provisions would benefit taxpayers and help the city meet financial obligations.
Alderman Jason Ervin questioned the deal, drawing parallels to the widely criticized 2008 parking meter agreement and arguing that officials were again rushing a decision.
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Parking Meters LLC to sell the city's parking meter operation to New York-based Stonepeak for $2.53 billion, according to a report in The Center Square. Supporters said the payment and profit-sharing provisions would benefit taxpayers and help the city meet financial obligations. Alderman Jason Ervin questioned the deal, drawing parallels to the widely criticized 2008 parking meter agreement and arguing that officials were again rushing a decision.
Mayor Brandon Johnson did not say whether he would veto that measure.
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