Stonepeak Offers $2.53 Billion for Chicago Parking Meter Lease, Below City's Bid
Updated
Updated · Crain's Chicago Business · Jun 25
Stonepeak Offers $2.53 Billion for Chicago Parking Meter Lease, Below City's Bid
2 articles · Updated · Crain's Chicago Business · Jun 25
Summary
$2.53 billion is the offer Stonepeak disclosed for Chicago’s parking meter lease, undershooting the city’s own bid for the asset.
Stonepeak’s disclosure puts a concrete valuation on the contested lease and highlights a gap between what the infrastructure investor is willing to pay and what Chicago sought.
The bid centers on one of Chicago’s most prominent public-asset deals, with the price difference likely to shape any further negotiations or decisions on the lease’s future.