05/01/2009 05:12 am ET Updated May 25, 2011

Parking Ticket Relief: City Halting Meter Firm's Ticket Writing After 'Unacceptable' Performance

A private contractor that paid $1.15 billion to lease Chicago's 36,000 parking meters agreed Tuesday to delay price hikes in some areas and stop writing parking tickets to augment city enforcement until it gets a handle on a rash of broken, over-stuffed and mis-marked meters.

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