City Misses Deadline To Receive $153 Million Federal Transportation Grant

Amid a business revolt and a sour economy, the Daley administration has missed a key deadline on a huge federal transportation grant, a lapse that could cost the city $153 million in anti-congestion funds.

The administration this week quietly pulled back a pending ordinance that would have hiked fees and taxes for off-street parking in garages and on surface lots downtown by as much as $8 a day. The measure was supposed to be the stick for a big carrot: a $153-million federal grant announced last spring to begin a pilot express transportation system known as bus rapid transit.

Read the whole story here.