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Sunday, November 03, 2013

Ind. Gov't. - "5 years ago, Chicago sold off ownership and management of 36,000 parking meters for 75 years for a lump sum payment of $1.2 billion -- a move that caused the city to have the highest urban parking charges in America."

Alan Ehrenhalt writes in Governing, in an article headed " Meter Shock in Cincinnati: Privatizing parking meters was a disaster for Chicago. So why is Cincinnati doing it?" Here is a great quote from the long article:

In the words of urban planning professor Donald Shoup of UCLA, the nation’s leading expert on parking, “What Chicago did was like burning all your furniture to stay warm on a cold night.”

Posted by Marcia Oddi on November 3, 2013 07:15 PM
Posted to Indiana Government