12/05/2008 05:12 am ET Updated May 25, 2011

Red Light Camera Company Gets $32M Payday

The Arizona company whose red-light cameras have pumped out more than a million Chicago tickets will be paid $32 million just to maintain its first 136 video surveillance systems, under a five-year contract approved by City Hall last month.

Redflex Traffic Systems has installed 248 cameras at 123 accident-prone Chicago intersections since 2003, with 50 more intersections planned for 2009. The cameras have raised $94.5 million and reduced red-light running by 59 percent.

Earlier this year, the Daley administration ended a nationwide search of video surveillance technology by signing a new, five-year, $52 million contract with Redflex. The agreement cut the cost of each camera system from $100,000 to $24,500. It also included maintenance for cameras installed after Oct. 22.

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