A revelation in Chicago parking meter bid
Jun 26, 2026•26 min•Ep. 1482
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Episode description
Stonepeak Partners has agreed to pay more than $2.5 billion to take over the remaining decades of Chicago’s parking meter lease, hundreds of millions less than Mayor Brandon Johnson's initial bid before deciding to walk away. Crain's politics reporter Justin Laurence discusses with host Amy Guth.
Plus: Chicago locks in price for first major piece of O’Hare expansion; local firm eyes discount deal for distressed River North office building; Chicago tourism grew in 2025, but city still chasing pre-pandemic high; and world’s largest Hello Kitty Cafe is opening in downtown Chicago.
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