Chicago's Meter Privatization

Chicago's parking meter privatization is a fascinating study in media coverage and the public perception of public policy. The story has a lot of moving parts: a big hike in parking rates, a $1.15 billion lump sum for the city, and a controversial decision to use that windfall to cover a budget gap. In many cases, the story's key features were overshadowed by more colorful distractions.

Professor Goldsmith's column uncovers what got lost in the media shuffle, and he also presents an inside look at the process behind the decision.