Chicago on Tuesday said it agreed to lease its parking meter system to a fund managed by Morgan Stanley in a 75-year, $1.16 billion deal...
Proceeds from parking tickets will still go into city coffers.
So you've got one party collecting the meter fees, but with no incentive to write tickets for expired meters. The other party now has more incentive than ever to write tickets... so a likely scenario coule be... we're going to need hordes of Voracious Meter Maids* trolling the streets looking for one-minute-past-due meters.
We may even end up offsetting any savings by having to hire more unionized, neon-yellow-clad fitness buffs to walk around scowling and sticking permanent adhesive on windshields, side mirrors, and windows.
*Note to Stoj: Apologies for infringing on the name of your high school punk band.