The city would have to consider whether to borrow billions of dollars to buy out the 57 years that remain on former Mayor ...

Chicago's parking meters have been sold to another private company.

The final purchase price was far too high, much more than they initially received for the sale, and higher than most ...

WBBM Political Editor Geoff Buchholz on the latest reports surrounding the future of the city’s meter contract and the ...

After submitting an undisclosed bid, Mayor Brandon Johnson quickly learned that the asking price would have been at least triple the $1.15 billion that Chicago received from the 75-year lease in 2008.

Mayor Brandon Johnson said he will forgo potentially purchasing the meters from the private company Chicago Parking Meters, saying the price would be too steep.

Mayor Brandon Johnson on Tuesday said his administration would not seek to buy back Chicago's parking meters, after weighing ...