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Why parking problems could cost city $13.5 million

Using a formula in the 521-page meter-privatization deal inked by former Mayor Richard M. Daley’s administration, Chicago Parking Meters LLC has billed Chicago taxpayers $13.5 million to reimburse it for the number of people who parked for free using disability placards and license plates between Feb. 28, 2010, and Feb. 28, 2011.

Those drivers got $17.9 million of free parking for the yearlong period — only $4.4 million of which the company had to absorb, under the formula. The meter-privatization deal calls for taxpayers to pay Chicago Parking Meters the $13.5-million difference, the Sun-Times reported last week.

Mayor Rahm Emanuel is disputing the bill but concedes that many who park for free aren’t disabled.

Here are the top five dates in each zone of the city where Chicago Parking Meters found widespread use of disabled-parking placards and license plates, along with the annual loss in meter revenue, based on the formula:

Central Business District, Zone 1

Bounded by North Avenue, Lake Michigan, Roosevelt Road and Halsted Street

Date Hourly rate Paying Parkers Disabled parkers Annual loss

Sept. 30 $4.25 868 1,103 $1.51 million

Dec. 15 $2.50 6,946 2,350 $1.47 million

Nov. 9 $4.25 859 1,081 $1.41 million

Sept. 30 $2.50 7,342 2,306 $1.36 million

Nov. 9 $2.50 6,976 2,084 $1.34 million

North Side, Zone 2

Bounded by north city limits, Lake Michigan, North Avenue and west city limits

Date Hourly rate Paying Parkers Disabled parkers Annual loss

Sept. 30 $1.25 1,085 227 $941,582

Dec. 15 $1.25 1,344 244 $774,170

Nov. 19 $1.25 1,110 199 $730,237

Aug. 18 $1.25 1,260 181 $628,906

Sept. 25 $1.25 1,679 230 $246,604

West Side, Zone 3

Bounded by North Avenue, Halsted Street, Roosevelt Road and west city limits

Date Hourly rate Paying Parkers Disabled parkers Annual loss

Sept. 30 $1.25 410 83 $224,047

Dec. 15 $1.25 399 81 $214,879

Aug. 18 $1.25 380 74 $209,516

Sept. 25 $1.25 385 54 $62,092

Aug. 21 $1.25 412 49 $51,183

South Side, Zone 4

Bounded by Roosevelt Road, Lake Michigan, south city limits and west city limits

Date Hourly rate Paying Parkers Disabled parkers Annual loss

Dec. 15 $1.25 415 148 $503,831

Sept. 30 $1.25 735 210 $446,381

Aug. 18 $1.25 485 88 $279,082

Nov. 9 $1.25 531 100 $277,917

Sept. 25 $1.25 618 100 $101,122



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