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Chicago Sun-Times
Chicago Sun-Times
US · 34 mins ago
Johnson finally explains his decision to bid $3.2B for parking meters before walking away
Under fire from the City Council for hiding behind a non-disclosure agreement waived weeks ago, Mayor Brandon Johnson has finally come clean about why he offered $700 million more than a New York investment firm to re-acquire Chicago parking meters and about the financial risks that prompted his administration to abandon that $3.2 billion bid. In a memo to Finance Committee members preparing for Monday’s showdown vote, Johnson's administration submitted an initial bid of $2.8 billion, advanced t
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