Chicago’s $1.2 Billion Parking Meter Problem

In 2009, Chicago traded 75 years of parking meter revenue for a $1.2 billion payment that helped fill an immediate budget hole. Norm Van Eeden Petersman is joined by Tony Jordan, executive director of the Parking Reform Network, and Edward Erfurt, chief technical advisor at Strong Towns, to look at what the city actually gave up and why its recent $3.3 billion bid never made it to the finish line.…