In 2008, as a recession swept across the country, cities and states were desperate for cash. Chicago looked to privatize anything it could to close its deficits. Enter, the parking meter deal. A 75-year lease that has some have called the "worst deal a city has ever made in American history." On today’s Block Club Chicago podcast, investigative reporter and editor Mick Dumke gives us the back story, and ponders if there’s ever a way out of the deal.
In 2008, as a recession swept across the country, cities and states were desperate for cash. Chicago looked to privatize anything it could to close its deficits.
Enter, the parking meter deal. A 75-year lease that has some have called the "worst deal a city has ever made in American history."
On today’s Block Club Chicago podcast, investigative reporter and editor Mick Dumke gives us the back story, and ponders if there’s ever a way out of the deal.
Host - Jon Hansen
Reporter - Mick Dumke