Category City in Motion

The changes reshaping Chicagoland: transit projects, development, stadium moves, budgets, and what each one means for the people who live here.

Chicago’s Parking-Meter Deal, From the Documents: $1.15 Billion Up Front in 2009, $161 Million in True-Up Payments Through 2024 — and the Owners Have Agreed to Sell

Parking pay station on a downtown Chicago street

The parking-meter concession read from the documents the city posts: a 75-year lease from February 13, 2009 priced at exactly $1,151,355,186, the audited true-up ledger - $160,953,305 paid by the city through 2024 - the operator's $188.7M 2025 revenues, and the December 2025 agreement by its owners to sell, awaiting Council action as of the audit's April 2026 cutoff.

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