5600 block of S. Lake Park
newsblogs.chicagotribune.com/clout_st/2009/10/mayor-richa...
"Mayor Richard Daley today proposed a 2010 budget that would hold the line on taxes and fees but dip deep into the reserve fund created by the controversial parking meter lease.
Faced with a budget deficit of more than $520 million, Daley is dipping into the money generated by the $1.15 billion deal that allows a private company to operate and collect revenues from the city’s parking meters for the next 75 years.
Daley said he would avoid service cuts in part by spending $370 million from the parking meter lease and trying to save $118 million by refinancing city debt." -- Chicago Tribune, Oct. 21, 2009
5600 block of S. Lake Park
newsblogs.chicagotribune.com/clout_st/2009/10/mayor-richa...
"Mayor Richard Daley today proposed a 2010 budget that would hold the line on taxes and fees but dip deep into the reserve fund created by the controversial parking meter lease.
Faced with a budget deficit of more than $520 million, Daley is dipping into the money generated by the $1.15 billion deal that allows a private company to operate and collect revenues from the city’s parking meters for the next 75 years.
Daley said he would avoid service cuts in part by spending $370 million from the parking meter lease and trying to save $118 million by refinancing city debt." -- Chicago Tribune, Oct. 21, 2009