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For example, the University of Washington and the U-Pass program in Chicago have mandatory U-Pass fees. [2] [3] Fees are transferred to the local transit authority to fund the required transit service. Because fees are collected from a large participant base, U-Pass prices are lower than the amount students would otherwise pay for monthly ...
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.
Ventra is an electronic fare payment system for the Illinois Regional Transportation Authority which replaced the Chicago Card and the Transit Card automated fare collection systems. Ventra (purportedly Latin for "windy," though the actual Latin word is ventosa ) [ 1 ] launched in August 2013, with a full system transition occurring in July 2014.
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After drivers select a spot and process their payment, they are given an electronic parking pass that can be printed or presented on a smartphone or tablet. [ 3 ] [ 8 ] In 2013, as part of its first growth beyond Chicago, ParkWhiz expanded its monthly parking feature to New York City, [ 2 ] [ 9 ] offering approximately 200 locations.
Experts hired by the city and CPM agree the cost of one of the rulings, over an alleged scheme by the city to take advantage of parking space value fluctuations, could be more than $100 million ...
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