Английская Википедия:Chicago Parking Meters

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Файл:Multi-space parking meter (37944634252).jpg
A pay box in Chicago, operated by Chicago Parking Meters LLC
Файл:20110219 70 Parking her car, Superior St. near Wells St. (5504193039).jpg
A Chicagoan pays at a pay box

Chicago Parking Meters LLC also known as ParkChicago[1] is an American company[2] with several investors[3] that owns the parking meters in the city of Chicago, Illinois.

History

After the 2008 financial crisis, the city of Chicago needed money and a deal was made to sell all 36,000[4] of the parking meter spots in the city for 75 years for 1.15 billion dollars.[5][6] When the deal went through, prices increased and many meters were vandalized in the initial rollout.[7] As of 2023, the investors in CPM LLC have recouped their investment and $500m more, and still have 60 years left on the deal.[8]

Criticism

The contract has been widely criticized as a negative example of privatization.[9] Part of the deal is that if any of the metered parking spots are not available as such, for any reason – i.e., parades, street maintenance, electrification for electric vehicles, bike lanes,[10] or outdoor seating – then the city has to compensate the LLC for their projected losses.[11] Because compensation costs are so expensive, it had been criticized for limiting development of city infrastructure.[12]

Investors

The investors in the LLC according to the City of Chicago are listed below.[3] Matt Taibbi in Griftopia claims that Deeside investments owns 49.9 percent (and possibly a controlling share[13]) and Redoma S.a.r.l. owns 50.1 percent.[14]

Investor Percentage Interest in Disclosing Party Country Direct or indirect ownership
Morgan Stanley Infrastructure Partners LP 11.415 USA direct
Morgan Stanley Infrastructure Partners A Sub LP 38.032 USA direct
Morgan Stanley Infrastructure Partners A Chicago Meters Blocker, LLC 31.403 USA indirect
Morgan Stanley Infrastructure Partners A LP 31.403 USA indirect
Morgan Stanley Offshore Infrastructure Partners A LP 24.061 USA direct
Deeside Investments, Inc. 49.9 USA direct
Redoma S.a.r.l.[15] 24.9999 Luxembourg indirect
Tannadice Investments, LLC 24.9001 USA indirect
Abu Dhabi Investment Authority 24.9001 UAE indirect
Allianz Lebensversicherungs – Aktiengesellschaft 21.249915 Germany indirect
Allianz Deutschland AG 24.9999 Germany indirect
Allianz SE[16] 24.9999 Germany indirect

References

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External links

See also


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