I can't see any benefit to leasing out all the parking spaces in Chicago to a private company, even if my mayor and alderman can. In fact, it sounds quite appalling: street parking fees to double, profit motive over civic good in parking enforcement, no time for the Council to evaluate the proposal Mayor Daley handed them yesterday. Destroying Meigs was bad; this is much, much worse:
Parking meter rates will increase next month after the Chicago City Council today overwhelmingly approved Mayor Richard Daley's plan to lease the spots to a private firm for 75 years in return for a one-time payment of nearly $1.2 billion.
Some neighborhood parking meter rates will quadruple next month. Neighborhood spots that used to cost a quarter an hour will cost $1 an hour---and jump to $2 an hour in 2013. The top meter rates in the Loop will increase from $3 to $3.50 an hour, rising to $6.50 an hour in 2013. Chicago will have some of the highest parking meter rates in the nation.
Ald. Richard Mell (33rd), who backs the deal, said 72 hours was enough time to review it.
"How many of us read the stuff we do get, OK?," Mell said. "I try to. I try to. I try to. But being realistic, being realistic, it's like getting your insurance policy. It's small print, OK?"
Thanks, Dick, for another intellectually-stimulating rejoinder to an impertinent question.
Does anyone remember the awfulness that resulted in historical times to privatizing tax collection? Does anyone see the parallels?