Finance Committee stalls showdown vote on sale of Chicago parking meters

A City Council committee poised to reject a New York investment firm’s $2.53 billion bid to acquire Chicago parking meters instead postponed that politically-volatile vote Monday under threat of a lawsuit by the current owner. In a July 3 letter to Mayor Brandon Johnson, Finance Chair Pat Dowell warned that the proposal by Chicago Parking Meters LLC to unload the 57 years that remain on the lopsided deal “has not secured the support necessary to advance from committee at this time.” Chicago…