{"id":904485,"date":"2026-07-01T02:57:13","date_gmt":"2026-07-01T02:57:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/904485\/"},"modified":"2026-07-01T02:57:13","modified_gmt":"2026-07-01T02:57:13","slug":"mayor-brandon-johnson-defends-handling-of-failed-chicago-parking-meter-bid-amid-transparency-concerns","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/904485\/","title":{"rendered":"Mayor Brandon Johnson defends handling of failed Chicago parking meter bid amid transparency concerns"},"content":{"rendered":"<p class=\"EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC \">CHICAGO (WLS) &#8212; Mayor Brandon Johnson on Tuesday defended his administration&#8217;s approach to a failed bid to repurchase the city&#8217;s parking meters, even as questions mount over why the city offered hundreds of millions of dollars more than the nearest competitor.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The city submitted a bid of more than $3.3 billion to buy back the meters as a new firm, Stonepeak, seeks to acquire them from the current operator. During a City Council finance committee hearing last week, alderpersons learned the city&#8217;s offer was roughly $800 million higher than Stonepeak&#8217;s.<\/p>\n<p><a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/abc7chicago.com\/watch\/live\/11064984\/\" rel=\"nofollow noopener\" target=\"_blank\">ABC7 Chicago is now streaming 24\/7. Click here to watch<\/a><\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">David Greising, president of the Better Government Association, said the proposal would have compounded the damage of the city&#8217;s original parking meter lease.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">&#8220;Well, if this had gone through, it would have added incredible insult to the injury. Injury of the original parking meter lease, which is held out as one of the all-time great flops by the city in its history,&#8221; he said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Johnson, speaking at City Hall, pushed back on criticism of the bid.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">&#8220;Well, we didn&#8217;t outbid anyone, we didn&#8217;t go through on it. Right,&#8221; he said. He added, &#8220;So we didn&#8217;t do what some people were alarmed by. We didn&#8217;t do that.&#8221;<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Alderpersons also raised concerns about the secrecy surrounding the process, which was conducted under a non-disclosure agreement. Ald. Matt O&#8217;Shea of the 19th Ward said the administration submitted its bid &#8220;almost a year ago while we&#8217;re in a protracted ugly budget negotiation.&#8221;<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">He called the lack of disclosure troubling, saying, &#8220;This is money we don&#8217;t have and yet this administration carelessly puts in this secret bid and doesn&#8217;t share it with anybody, that&#8217;s very disturbing.&#8221;<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The details of the bids became public only last week. Johnson said council members now have the information they need.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">&#8220;Once the information was allowed to be presented, the city council has everything that they need. They can vote on it in July, they can vote on it in September, they can vote on it in October,&#8221; he said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Greising said the process should have been more open.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">&#8220;When the city is dealing with assets of the scale of the parking meters, at the very least, members of city council ought to be aware of what is going on, because the stakes are so high,&#8221; he said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The proposed resale of the parking meters still requires City Council approval. With budget season approaching, the administration&#8217;s handling of the bid may further strain relations between the mayor and council members.<\/p>\n<p>Copyright \u00a9 2026 WLS-TV. All Rights Reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"CHICAGO (WLS) &#8212; Mayor Brandon Johnson on Tuesday defended his administration&#8217;s approach to a failed bid to repurchase&hellip;\n","protected":false},"author":3,"featured_media":904486,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5124],"tags":[366081,20174,960,5462,178377,5386,1818,36234,13201,195345,366080,11416,59591,29615],"class_list":["post-904485","post","type-post","status-publish","format-standard","has-post-thumbnail","category-chicago","tag-366081","tag-brandon-johnson","tag-chicago","tag-chicago-news","tag-chicago-parking","tag-il","tag-illinois","tag-mayor-brandon-johnson","tag-morgan-stanley","tag-parking-chicago","tag-parking-in-chicago","tag-parking-meter","tag-parking-meters","tag-stonepeak"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116842479409586884","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/904485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=904485"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/904485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/904486"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=904485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=904485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=904485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}