Braun wants Chicago's parking meter lease undone
Potential Chicago mayoral candidate Carol Moseley Braun says the city's parking meter lease should never have exceeded 20 years.
Braun said Wednesday that Mayor Daley's 2008 deal privatizing the city's 36,000 parking meters for 75 years is a "disaster."
She wants the lease undone either through the courts, a referendum or by the City Council.
"The deal was too long, it was based on faulty information, the city got bad advice and it was passed, it was rammed through based on a powerpoint presentation that had no real numbers behind it. I think the citizens of Chicago deserve better and I think we can take the steps to make it better," Braun said.
Braun said the parking meter contract should be rewritten and sold at a higher price.
She said the deal was illegal because the city's aldermen acted beyond their legal authority by approving the lease.
Meanwhile, mayoral candidate Gery Chico said too much money from the parking meter lease deal has been used for short-term fixes, and not for long-term planning.