Friday, January 13, 2012

G8/NATO Lock Down for the Sloop: Be Prepared for Crazy

In lieu of our post yesterday about traffic issues caused by President Obama speaking at UIC on Roosevelt, we thought we would post something we just read in regard to the NATO and G8 summit that is scheduled for May 19-21 at McCormick Place:
A large security perimeter will prevent motorists from driving and parking on some downtown streets during the NATO and G-8 summits, but the host committee agreed Wednesday to cover the cost of lost parking meter revenues.

The 75-year, $1.15 billion lease that privatized Chicago parking meters requires the city to compensate the concessionaire — at the newly increased downtown rate of $5.75 an hour — whenever metered spaces are temporarily taken out of commission.

In the case of the May 19-21 event expected to draw President Barack Obama and other world leaders to McCormick Place, that compensation could be substantial.

Specific boundaries will be dictated by the U.S. Secret Service and won’t be known until four weeks before the event. But city officials acknowledged Wednesday that parts of the downtown area would be off-limits to motorists to protect visiting dignitaries.
Yikes! Should be a crazy around the prepared!


Anonymous said...

what about revenue lost for the retailers??? how come the parking franchise is compensated while other "franchises" are ignored?

Anonymous said...

Because retailers don't have enough money to do anything about it. Only those with power and money make the rules.

Pete Mitchell said...

Wonderfully stable day to day earnings are not a right. Deal with it.

Anonymous said...

Will they reimburse those who suffer losses when the demonstraters turn violent and burn things and turn over cars and break windows like they have at the other G8 meetings.
They should confine them to Northerly Island so there is nothing they can destroy.

Anonymous said...

Be prepared for more crazy, unfortunately:

Our Constitution comes with both positives and negatives...but we are still better off than so many other places...