Chicago to Raise Parking Meter Fees By Privatization

The Chicago Sun-Times reports:

Motorists would pay more to park at Chicago's 36,161 metered spaces -- and even higher prices during peak periods in congested areas -- in exchange for more cashless payment and pay-by-phone options, under a privatization plan advanced Friday.

Buoyed by the $2.4 billion gravy train of revenue generated by privatizing the Chicago Skyway and downtown parking garages and the prospect of an even bigger windfall at Midway Airport, Mayor Daley on Friday moved to unload yet another city asset: Chicago parking meters.

Is Mayor Daley thinking like a federal bankruptcy judge by unloading assets?