Overview
- The Johnson administration formally initiated City Council review Tuesday by introducing an ordinance and said the June 30 concession reporting date is not a deadline for council action.
- A group of at least 22 alderpersons sent a letter saying they will vote no unless the city provides more detail and they alleged an NDA limits disclosure, a claim the mayor’s office denies.
- Stonepeak is scheduled to meet with council next week at a Finance Committee session on June 15 to answer questions, and Morgan Stanley and Stonepeak hope for approval by July but aldermen retain veto leverage.
- The dispute traces to the 2008 sale of 36,000 on‑street spaces for about $1 billion under a 75‑year concession that leaves the city bound for roughly another 57–58 years and has been blamed for steep rate increases, app fees, and aggressive ticketing.
- Because the original contract limits the city’s ability to change fees or operations, aldermen say council approval of the transfer is their primary leverage to seek concessions or to try to block the deal and protect drivers.