Wave of the Future: privatization. Dr. Hudson gets it right again.

[c1ue]

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http://www.msnbc.msn.com/id/31510813/#43415983

Key points:

Parking in 2009: $3 for downtown, $0.25 for residential
Parking in 2011: $5 for downtown, $1.25 for residential

City must pay when streets with parking meters have a community event like a festival or parade

Total revenue estimated from meters will be more than 10 times $1.1 billion paid for them.

[Chomsky]

Re: Wave of the Future: privatization. Dr. Hudson gets it right again.

Matt Taibbi covered the Chicago parking meters privatization issue quite thoroughly in his recent book, Griftopia. Really worth reading.

[don]

Re: Wave of the Future: privatization. Dr. Hudson gets it right again.

I understand they're quite efficient . . .