Vallas: Bill Daley Shares Blame In Parking Meter Fiasco

Craig Dellimore
February 14, 2019 - 7:00 pm

WBBM Newsradio/Craig Dellimore


CHICAGO (WBBM NEWSRADIO) -- Mayoral candidate Paul Vallas on Thursday said a money trail ties rival Bill Daley to the Chicago’s unpopular parking meter deal made by his brother, then-Mayor Richard Daley.

WBBM Political Editor Craig Dellimore reports from City Hall.

Vallas brought an organizational chart and material from a PowerPoint presentation to City Hall. He said it showed Bill Daley deeply involved in the deal to privatize Chicago’s parking meters. Bill Daley was Midwest Chairman of JP Morgan Chase in 2008.

Vallas, former chief executive officer of Chicago Public Schools, said his opponent made money on the deal. The privatization of Chicago's parking meters has been criticized as a money-loser for taxpayers, though the city did get a large upfront payment.

Bill Daley said that’s not true. He said he didn’t advise the city on the parking meter deal. J.P. Morgan wasn’t a part of it, he said, though the bank helped some Australian investors take part.

A statement from Bill Daley’s campaign manager said while Vallas is “spreading falsehoods” Daley is meeting with voters to share his plans for the future. Vallas accuses Daley of “hiding things.”