Parking mandates make new housing more expensive to build and keep us from improving the city's public transportation system.

Parking mandates make new housing more expensive to build and keep us from improving the city's public transportation system.

The U.S. Supreme Court on Monday declined to hear a challenge from Chicago drivers over hourly meter rates for public parking in the city, in a case that sought to void Chicago's 75-year, $1.15 billion contract with a private equity firm managing the system.

In retrospect, giving an investment bank complete control over a city's parking meters for 75 years might not be a great idea.

Get a free bag of fresh coffee with any Trade subscription at http://drinktrade.com/hai Get a Half as Interesting t-shirt: https://standard.tv/collections/half-as-interesting Suggest a video: http://halfasinteresting.com/suggest Follow Sam from Half as Interesting on Instagram: http://Instagram.com/Sam.From.Wendover Follow Half as Interesting on Twitter: http://twitter.com/halfinteresting Discuss this video on Reddit: http://www.Reddit.com/r/halfasinteresting Video written by Amy Muller Check out our other channels: http://youtube.com/wendoverproductions http://youtube.com/jetlagthegame

The Connected Communities ordinance — adopted last year — required that the Chicago Department of Transportation establish Transportation Demand Management rules for new...