CHICAGO (AP) — Chicago mayoral candidate Carol Moseley Braun says the deal that privatized parking meters is a financial disaster for the city, and she says she'll try to break it if elected.
At a Monday news conference the former U.S. Senator
said she thinks the city got "snookered" when it entered the 2008
deal in which a private company paid the city more than $1.1 billion in
exchange for a 75-year lease of the meters.
The deal led by outgoing Mayor Richard Daley has
been widely criticized — in large part because the city has already spent all
but a fraction of the money.
Braun says she'd sue to cancel the deal. She didn't
say Daley's name but said the administration exceeded its authority in making
the deal.
Copyright 2011 The Associated Press.
(AP
Photo/M. Spencer Green)
