Chicago Parking Meters Back in Play

Chicago’s parking meter lease drama is heating up again as Stonepeak, the firm that bought the asset for $11.5 billion in 2009, now wants to sell its stake back to the city for just $2.53 billion — a deal the city council is firmly rejecting, calling it far too low and even failing to cover past debt payments. With the city’s finance team crunching numbers and weighing options, this messy deal underscores a costly mistake and a tough negotiation ahead — the city isn’t about to take a bad deal, even if Stonepeak is eager to exit. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f2c8b51853eddbe7