>> Congo's parking meters have been sold again.

City council members voted 46 to 3 today to allow a New York based investment firm to buy the city's 36,000 parking meters.

Here's some of that to be.

>> We Take our streets bat history will judge us pour le just it is just council.

>> We've got the opportunity today.

Colleagues to write a new chapter.

>> Our Heather Sharon joins us now with more.

Heather, that's a pretty lopsided vote to cap off months of controversy.

What changed?

Well, nobody doesn't think the 2008 deal is a lemon, but the city council agreed today that they've made lemonade, even though it was pretty better.

The main sweetener is the 75 million dollar payment that will come the city's way after the sale closes at the end of the year.

If it does is expected, of course, also the firm that purchased the meters for 2.5, 3 billion dollars agreed to sell on the air.

That airline had carried out long-haul deportations for the Trump administration's mass deportation effort.

Several older people more than a dozen said they would not vote to approve the sale unless that happen.

will this mean we all have to pay more?

No, I think known.

not yet.

Now the sale doesn't include any change to what you pay for the meter.

However, as you heard all the police say Chicago now shares in the profits from the meters.

This deal calls for Stone Peak the city 5% of its annual profits.

So that means that prices go up at the meeting, the city get more money.

So that gives the city Council and incentive to raise those rates in there.

Some proposals out there that would tie meter rates to inflation.

That, of course, is going to be controversial.

And the mayor stopped far short of endorsing that Clinton today, right in another city council to find the mayor approved a measure that is designed to make it more difficult for the city to borrow money.

>> What will change?

Well, right now, you only need a simple majority of the city council or 26 votes to borrow more money.

This measure is it takes effect, would require 30 votes of the city council, which, of course, has 50 members.

Now, mayor Van Johnson said today that this is exactly the wrong thing for the city to do.

And he's didn't say whether he would veto it, but he said it would make it harder for the city to invest in the South and the West Science.

And of course, that is the central promise of his time in office to get city money flowing to those neighborhoods that suffered from distance meant for decades.

So we will have to wait and see what the mayor doesn't.

Weather heat issues, 8, 4th veto of his what he hopes will be his first term in came the Sharon.

Thanks so much.

Thanks.

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