Overview
- Stonepeak representatives appeared before the City Council Finance Committee on Thursday to press for approval of a proposed transfer that would give the New York firm control of the remaining 58 years of the 2008 parking‑meter lease.
- Stonepeak waived a non‑disclosure agreement at the hearing and disclosed that the Johnson administration previously offered about $3.3 billion to buy back the meters, which the firm says exceeded Stonepeak’s roughly $2.53 billion bid.
- Aldermen pressed Stonepeak over its 2025 purchase of Omni Air International and asked for legal guarantees that parking‑meter location and payment data will never be shared with ICE or used for immigration enforcement.
- Stonepeak pledged to consider selling or structurally separating Omni or its contracts with ICE and offered to discuss ways to reduce the concession’s recurring ‘true‑up’ payments that have cost the city millions in recent years.
- The Finance Committee held an extended discussion but scheduled no vote, as Council members complained about a lack of transparency from Mayor Brandon Johnson and the transaction deadline was moved to July 24 for further review.