Articles > Popular publications > Chicago Sun-Times articles > March 2008

Article: Firms line up to lease city's parking meters

Article from:
Chicago Sun-Times
Article date:
March 18, 2008
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Copyright

Turmoil in the financial markets is apparently having no impact on investor appetite for public assets: Ten teams are vying for the right to lease Chicago's 36,161 metered parking spaces for at least 50 years.

Competition for what would be the first major U.S. parking meter operation to be privatized includes Wall Street giants, parking experts and affiliates of the Spanish-Australian Cintra-Macquarie Consortium that leased the Chicago Skyway.

They include: a joint venture of Worldwide Parking and Pay-Ease; Morgan Stanley Infrastructure Partners; CPS Chicago Parking LLC; Mad Park-Chicago ...

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