Takeaways by Bloomberg AI
- The Chicago city council’s finance committee will vote on a $2.5 billion bid from Stonepeak Partners for the remainder of the 75-year lease of 36,000 parking meters.
- Council members are advocating for changes to the deal terms from 2008, citing concerns about equity for minorities and revenue for the city.
- The city council’s rejection of the proposed transfer could trigger a lawsuit by the Morgan Stanley-led sellers, with warnings that the city doesn’t have grounds to block the deal.
Bloomberg Politics
By Shruti Singh and Miranda Davis
July 13, 2026