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Parking. Its a sore subject here in Chicago. In 2008 the City decided to privatize it’s 36,000 parking meters – in reality leasing an 8′ wide section of asphalt from the curb to the sometimes-present-bike lane – to a group made up of Morgan Stanley, Abu Dhabi Investment Authority and Allianz Capital Partners for a $1.16B. Since then, everyone in the City, nay, the world, seems to have developed a disdain to the selling off of public assets. And rightly so. Bloomberg News discovered just last month that we Chicagoans got royally hosed on the deal. It turns out the private group will net $9.58B over the course of the 75-year term. Oops. This is more than twice what Alderman Scott Waguespack estimated the City would loose in profits when he denounced the deal and subsequently voted against it in the City Council.
This doesn’t stop the City from praising itself for the move, as Chicago’s CFO, Gene Saffold, touted, “The concession agreement was absolutely the best deal for Chicagoans”. Going on to wax delusional, “The net present value of $11.6 billion in revenue over the life of the 75-year agreement is consistent with $1.15 billion the city received.” Um, yeah. You say this guy does the City’s accounting, eh. Meanwhile, the Chicago’s Office of the Inspector General called the deal “dubious” since Saffold, “failed to calculate how much the system would be worth over 75 years. The present value of the contract was $2.13 billion, more than the $1.15 billion the city received”, according to Bloomberg. Read the rest of this entry »
Even if real streets are not becoming any more hospitable to cyclists, the virtual ones sure are. Today everyone’s favorite online map rolled out bicycling navigation as a native feature of Google maps. The bike routing is available in 150 cities, Chicago included, and also shows bike trails in addition to bike-friendly autoways. As a test I looked up my favorite local ride, Northwest on Elston to the Milwaukee/Devon/Superdawg intersection to pick up the North Branch Trail (unfortunately, there are no trail labels on Google maps yet) for a mostly uninterrupted, 16-mile jaunt to the Chicago Botanic Garden in Glencoe, which I just noticed is mislabeled as ‘Botanical’ on Google maps. Conversely, I looked up the most death-defying bike route in San Diego, this bike lane abruptly ends at a freeway off ramp just north of Little Italy on India Street. Biker Beware. Read the rest of this entry »
We are currently designing the new space for Filter, the Wicker Park stalwart coffee house that was displaced by BofA from the Flatiron building on the Milwaukee/Damen/North intersection. The project will be aiming for a LEED-CI certification and will be located in the 1300 block of North Milwaukee Avenue. Stay tuned here for updates.


A recent New York Times Magazine