Chicago May Arbitrate Parking Spat

Chicago Sun Times
April 16, 2012

Under the 99-year deal with Chicago Loop Parking LLC that privatized four parking garages in downtown Chicago, City Hall made a promise: It wouldn’t allow any parking facilities to open nearby. Today, though, you can park just a block away in a new garage at the 82-story Aqua building — and it’s cheaper, too. Now, Chicago Loop Parking LLC has filed an arbitration claim against the city that could leave Chicago taxpayers on the hook for $200 million or more.

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TAGGED: Arbitration, * News

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