section order← Previous revisionRevision as of 11:38, 13 November 2026 Line 25: Line 25: == Criticism == == Criticism == The contract has been widely criticized as a problematic example of [[privatization]].{{cite web | url=https://inthepublicinterest.org/the-worst-privatization-deal-in-u-s-history-just-got-even-worse/ | title=The worst privatization deal in U.S. History just got even worse | date=9 June 2022 }} Part of the deal is that if any of the metered parking spots are not available as such, for any reason—i.e., parades, street maintenance, electrification for [[electric vehicles]], [[bike lane]]s,{{Cite web |title=WTTW News Explains: What Happened With Chicago's Parking Meter Deal? |url=https://news.wttw.com/2023/07/27/wttw-news-explains-what-happened-chicago-s-parking-meter-deal |access-date=2023-11-06 |website=WTTW News |language=en}} or outdoor seating—then the city must compensate CPM LLC for their projected losses.{{Cite web|url=https://www.youtube.com/watch?v=fDx6no-7HZE|title=Chicago Doesn't Own Its Own Streets | Climate Town|via=www.youtube.com}} The high cost of compensation was criticized as limiting development of city infrastructure.{{Cite web |date=2019-05-07 |title=Companies raked in nearly $266M from parking meters, other city assets last year |url=https://chicago.suntimes.com/news/2019/5/7/18619170/companies-raked-in-nearly-266m-from-parking-meters-other-city-assets-last-year |access-date=2023-11-06 |website=Chicago Sun-Times |language=en}} The contract has been widely criticized as a problematic example of [[privatization]].{{cite web | url=https://inthepublicinterest.org/the-worst-privatization-deal-in-u-s-history-just-got-even-worse/ | title=The worst privatization deal in U.S. History just got even worse | date=9 June 2022 }} Part of the deal is that if any of the metered parking spots are not available as such, for any reason—i.e., parades, street maintenance, electrification for [[electric vehicles]], [[bike lane]]s,{{Cite web |title=WTTW News Explains: What Happened With Chicago's Parking Meter Deal? |url=https://news.wttw.com/2023/07/27/wttw-news-explains-what-happened-chicago-s-parking-meter-deal |access-date=2023-11-06 |website=WTTW News |language=en}} or outdoor seating—then the city must compensate CPM LLC for their projected losses.{{Cite web|url=https://www.youtube.com/watch?v=fDx6no-7HZE|title=Chicago Doesn't Own Its Own Streets | Climate Town|via=www.youtube.com}} The high cost of compensation was criticized as limiting development of city infrastructure.{{Cite web |date=2019-05-07 |title=Companies raked in nearly $266M from parking meters, other city assets last year |url=https://chicago.suntimes.com/news/2019/5/7/18619170/companies-raked-in-nearly-266m-from-parking-meters-other-city-assets-last-year |access-date=2023-11-06 |website=Chicago Sun-Times |language=en}} ⚫ ==See also== ⚫ * [[Hired Truck Program]] ⚫ * [[Park Grill]] ==References== ==References== Line 32: Line 36: {{commons}} {{commons}} * [https://www.parkchicago.com Official website] * [https://www.parkchicago.com Official website] ⚫ ==See also== ⚫ * [[Hired Truck Program]] ⚫ * [[Park Grill]] {{Chicago City Council}} {{Chicago City Council}}