The much-loathed 2008 deal requires the city make “true-up” payments to Chicago Parking Meters to compensate the firm for lost revenue when meters are taken out of service by the city.

Audits from accounting firm KPMG show in 2024, the parking meters generated $160.9 million in income for the private company ...

The new parking system will be text-to-pay through LAZ Parking, the complex developer announced last year. "Yep, the last free parking lot in town is going away! But don't despair — rates will ...