Why are Chicago’s parking meters owned in part by foreign investors?

Published June 9, 2024 5:00am ET



When you park your car in Chicago and pay the meter, the payment doesn’t go to the city like most American cities. Instead, a company partly owned by foreign investors is pocketing the revenue. 

In the dire straits of the 2008 financial crisis, like many people, the city of Chicago had fallen on hard times. 

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