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Brokers affiliated with Morgan Stanley then formed an LLC called "Chicago Parking Meters LLC" to facilitate a potential deal with the city over the sale of the meters. [4] By December 3, 2008, a deal was made to sell all 36,000 [5] [6] of the parking meter spots in the city for 75 years for $1.15 billion.
Chicago’s much-maligned parking meter privatization deal could soon be costing the city even more money. Chicago Parking Meters, the private company with a monopoly on the city’s paid street ...
The High Cost of Free Parking begins with a discussion of the history of automobiles and parking and how vehicle ownership rates have steadily increased over time. Shoup argues that parking is a classic tragedy of the commons problem, wherein drivers compete over scarce public parking spaces and consume time and resources searching for them.
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Because fees are collected from a large participant base, U-Pass prices are lower than the amount students would otherwise pay for monthly passes or tickets over the course of a term. The U-Pass price charged to students depends on a variety of factors which differ among municipalities, transit systems and post-secondary institutions.
The Richard B. Ogilvie Transportation Center (/ ˈ oʊ ɡ ə l v iː /), on the site of the former Chicago and North Western Terminal, is a commuter rail terminal in downtown Chicago, Illinois. For the last century, this site has served as the primary terminal for the Chicago and North Western Railway and its successors Union Pacific and Metra .
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