Ald. Ervin proposes 'infrastructure trust' to weigh taking back parking meters

Ignoring fears that Chicago was “buying high after selling low,” Mayor Brandon Johnson’s most powerful City Council ally on Wednesday forged ahead with his 11th-hour plan to create a public infrastructure trust to take back the city’s parking meters. Budget Committee Chair Jason Ervin (28th) formally introduced his long-shot ordinance that would create a nine-member public trust to pool pension and city funds and match the $2.5 billion winning bid submitted by Stonepeak Partners, a New…