Stay updated with breaking news from Clint Krislov. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Clint Krislov crusaded against the widely-despised Chicago parking meter deal, fought forretired city workers whose benefits had been stripped away by a cost-cutting mayor and championed consumer causes.
/cdn.vox-cdn.com/uploads/chorus_asset/file/24715139/merlin_98069102.jpg)
Results of the latest parking meter audit by accounting giant KPMG shows meter revenues reached a record $140.4 million last year - with 60 years left on a 75-year lease.
The latest ownership change is expected to generate about $25 million in real estate transaction taxes, enough to cut in half Mayor Lori Lightfoot’s $42.7 million property tax increase — though the mayor’s office refused to say how the funds would be used.
2 firms that control the toll road on a 99-year lease reportedly are looking to sell their interests.
Chicago's parking meter revenues are nearly back to pre-pandemic levels. After dipping to $91.6 million in 2020, they climbed to $136.2 million last year.