Chicago Parking wants to escape prosecution over $ 1.16 billion contract



By Celeste Bott (September 28, 2021, 9:50 p.m. EDT) – An investment entity led by Morgan Stanley & Co. has urged an Illinois federal judge to file a lawsuit over a controversial deal that gives it control over the Chicago’s operation of the on-street pay parking system, claiming that plaintiffs have waited too long to file a lawsuit and present “only a general public policy grievance” and not a concrete injury.

Chicago Parking Meters LLC – a company that also includes Alliance Capital Partners and the Abu Dhabi Investment Authority – on Monday said in its motion to dismiss that the three Chicagoans who filed the lawsuit claim metered parking fees have increased since CPM’s $ 1.16 hike.

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