Chicago Threatened With Mediation

Chicago Parking Meter outside Wrigley Field Author: Stephen Alexander – Chicago Parking Meters LLC (CPM) has threatened the city of Chicago with mediation over the city’s unwillingness to pay its bills. The bill from the company that runs the city’s parking meters is for $14.2 million.

The city claims it needs to conduct its own analysis before paying the bill for parking spaces  that were removed from service because of street closings and construction. CPM has ended negotiations with the city and is reportedly threatening the city with mediation.

The Mayor of Chicago and former White House Chief of Staff to President Obama, Rahm Emanuel, has spoke against CPM’s policy of billing the city for unused parking meters due to street closures. Reportedly, the mayor told the Chicago Tribune that the city needs to examine the bill before making payment.

Previously, CPM has issued a bill to the city of Chicago for $22 million for lost revenue due to disabled drivers using legitimate placards and disability plates that allowed them free parking. According to the Chicago Tribune, the city owes CPM about $50 million.

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