Source: Eddie Baeb, Chicago Business (IL), September 28, 2009
Developers and businesses in Chicago fear they could be on the hook for millions of dollars when they want to replace a parking space with a driveway or a loading zone.
The reason: Mayor Richard M. Daley's controversial $1.16-billion deal to privatize the city's parking meters requires that whenever a metered parking space is eliminated, somebody has to pay for it -- and if it's not business, it likely will be Chicago drivers.
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