The amount is far below the $322 million the company initially demanded and the $120.7 million figure city appraisers more recently shared.
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Chicago Tribune

Parking meter company could get $15.5 million more from Chicago in settlement

City attorneys are recommending aldermen approve a deal to settle for $15.5 million three long-standing disputes with the company that owns the meters, Chicago Parking Meters LLC. The proposal is part of the agenda released Thursday for the City Council’s upcoming Finance Committee meeting, where aldermen will consider a package of settlements.

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