Re "Arena drive picks up speed" (Our Region, Feb. 24): Sacramento once again is talking about using city assets to fund a new home for the Sacramento Kings, primarily getting the private sector to pay $230 million upfront for the right to future revenue from downtown parking garages.
It seems appropriate to look at Chicago's experience with that.
In a Dec. 27 news story last year, the Chicago Tribune described the effect on parking rates: "In an annual ritual that has become as predictable if not as joyous as a New Year's Eve countdown to midnight, Chicago drivers again will have to dig a little deeper to pay to park at meters in 2013. Loop rates will go up 75 cents to $6.50 an hour as part of scheduled fee increases included in Mayor Richard Daley's much-criticized 2008 lease of the city's meters to Chicago Parking Meters LLC."
-- Rick Slater, Sacramento