Chicago Parking

Sacramento desperately wants to hold on to its professional basketball team, the Kings, who have threatened to leave. A just-released financing plan points to privatizing city-owned parking spaces as key to providing funding for the new arena.

It was hailed as the solution to America's infrastructure spending deficit, but the influx of private funds has come to halt along with the failure of banks and the huge investment from the Recovery Act. Plus, many schemes aroused taxpayers wrath.