privatization
The evidence is purely anecdotal, but it seems that some unrest might be brewing in the City of Chicago. Now that the Mayor has leased the city's
parking meters to a company that jacked up the rates, people might be staying home rather than feed the meters — which now take as many as
28 quarters for 2 hours.
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privatization
The
Chicago Sun-Times is reporting that Mayor Richard M. Daley of Chicago is trying to get "quickie" approval for a proposal to privatize the city's parking meters. Under the 75 year lease, Chicago's 36,000 parking meters would be controlled by a partnership that includes Morgan Stanley Infrastructure Partners and LAZ Parking. This partnership will, naturally, raise prices. Critics of the proposal say that charging $6.50 an hour by 2013 to park downtown would hurt local businesses.
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bank of america
Remember our reader who tried to use his Bank of America debit card on a parking meter and was
charged a $10 cash advance fee? One of our commenters did a little investigation on our story and got two conflicting responses from Bank of America.
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bank of america
Reader Gary used his Bank of America credit card to pay $2 on a parking meter in Washington, DC. Bank of America treated it as a cash advance and slapped him with a $10 fee, as well as a higher APR. When Gary called to complain, he learned that it wasn't an error: Bank of America has started treating payments to parking meters as cash advances and may even treat all payments to government entities as cash advances.
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Consumerist
privatization
