Braun says Chicago ‘snookered’ in meter deal

Comments:  | Leave A Comment

Chicago mayoral candidate Carol Moseley Braun says the deal that privatized parking meters is a financial disaster for the city, and she says she’ll try to break it if elected.

CHICAGO (AP) — Chicago mayoral candidate Carol Moseley Braun says the deal that privatized parking meters is a financial disaster for the city, and she says she’ll try to break it if elected.

At a Monday news conference the former U.S. Senator said she thinks the city got "snookered" when it entered the 2008 deal in which a private company paid the city more than $1.1 billion in exchange for a 75-year lease of the meters.

The deal led by outgoing Mayor Richard Daley has been widely criticized — in large part because the city has already spent all but a fraction of the money.

Braun says she’d sue to cancel the deal. She didn’t say Daley’s name but said the administration exceeded its authority in making the deal.

Copyright 2011 The Associated Press.

(AP Photo/M. Spencer Green)

Tags:

Comments

blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 322 other followers