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Lincoln Towing Service is the DBA name of Protective Parking Corporation, [1] one of the largest towing services in Chicago, in the U.S. state of Illinois. [2] The primary business location is at 4882 N. Clark Street , in the Uptown community area of Chicago in Cook County , with a second location at 4601 W. Armitage Avenue.
According to the City of Chicago, "assets managed by the Department include more than 11,000 pieces of equipment and vehicles and more than 425 leased and owned facilities." [ 1 ] Among the types of vehicles and equipment handled by the departments are police cars , pickup trucks , refuse trucks , fire ladders , and airport all-purpose runway ...
Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.
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CDOT was established by order of the Chicago City Council on 11 December 1991 [3] when Mayor Richard M. Daley restructured the Chicago Department of Public Works into the new Chicago Department of Transportation. [5] The restructuring took effect on 1 January 1992. [5]
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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.
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