Parking Meters

OIG Advisory Regarding City’s Real Property Management

This advisory notes that the City actively tracks and markets unused property. It may also engage in narrow re-use or consolidation projects. However, the City does not periodically evaluate its full property portfolio to ensure that all City buildings and land are put to their best use. The advisory presents; an example of one property … [Read More…]

OIG Publishes New Report Describing City’s Powers Under the Parking Meter Concession

FOR IMMEDIATE RELEASE: October 12, 2012 CONTACT: (773) 478-0534 Jonathan Davey OIG Publishes New Report Describing City’s Powers Under the Parking Meter Concession The OIG has published a report describing the City’s rights and powers retained under the 2008 Metered Parking Concession Agreement with Chicago Parking Meters, LLC. The report provides the public and City … [Read More…]

OIG Report Closely Examines Parking Meter Lease, Recommends Major Reforms

A new report released by the Inspector General’s Office sheds light on the manner by which the lease of Chicago’s Metered Parking System was planned, negotiated, and implemented. The independent review shows inadequate financial considerations by City officials, the failure to explore viable alternatives to the 75-year lease as a means to fill the 2009 … [Read More…]