Chicago Meter Reimagining
$0
True-up/yr
103.8%
System in Service
30,328
Spaces
$401.3M
Aggregate Revenue The contract requires the system to generate its $386.7M baseline revenue (the Settlement System Revenue Value, or SRSV). Any annual shortfall triggers a quarterly payment from the City to CPM: 25% × $386.7M × (1 − SISP).?
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Rate tier (after)

~$16/hr premium
~$8/hr high
~$5.50/hr mid
~$3/hr low
~$0.70/hr minimal
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Chicago Meter Reimagining

Chicago's parking meters are operated by Chicago Parking Meters, LLC (CPM) under a 75-year concession agreement with the City that lasts until 2083. The City retains the right to relocate meters, but any revenue impact must be compensated through quarterly settlement payments.

This tool shows what the meter system could look like if meters were moved away from bike and pedestrian infrastructure and better streets for buses corridors to higher-revenue commercial areas, while staying within the contract's financial limits.

BaselineProposal
Spaces37,87530,328
Revenue$382.2M$401.3M
SISP98.8%103.8%
True-up/yr$4.5M$0
Parking demand proxy
LowMidHigh
LODES WAC 2023 - workplace jobs by tract
Cook County - Census TIGER boundaries
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