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Changes to Chicago’s parking meters

The Chicago City Council approved Mayor Rahm Emanuel’s controversial plan to change the terms of the city’s parking meter lease despite questions about the deal’s financial impact and fear of giving Chicago Parking Meters LLC another windfall.

After lengthy debate, the council voted 39-11 in favor after the mayor’s aides spent the morning talking to aldermen trying to tamp down the number of votes against the mayor’s plan.

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Mayor Rahm Emanuel may announce some changes in Chicago’s controversial parking meter contract today.

Mayor Richard Daley enraged drivers by leasing the parking meters to a private company before he left office; since then the cost of street parking has skyrocketed, and meter enforcement has expanded to 24 hours a day.

Furthermore, the holder of the parking meter lease is demanding more money from the city, to recoup revenues it loses during special events and routine street maintenance.