Parking Privatization

An article examines "Exhibit A for bad public contracting"—a 75-year lease between Chicago a Morgan Stanley-led private consortium for 36,000 parking meters—as a cautionary tale about the lingering impacts of bad deals.
Jun 9, 2014   Next City
In his quest to leave no source of potential revenue unexplored, Emergency Manager Kevyn Orr is looking into selling Detroit's parking lots, meters and garages. The experiences of other cities who've trodden a similar path offer cause for caution.
Aug 30, 2013   The Detroit News
In the wake of the problem-plagued privatization of Chicago's parking meters in 2008, two WSJ reporters assess conversions (or attempts) in Indianapolis (2010), Pittsburgh, Los Angeles, Cincinnati and New York, as well as what went wrong in Chicago.
Jan 28, 2013   The Wall Street Jounal
Richard Perez-Pena reports on the new frontier in the rush to monetize publicly owned resources - the college parking lot.
Jun 5, 2012   The New York Times
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.
Sep 13, 2011   Sacramento Bee - Sacramento City News