Chicago’s debt increasing as year goes on - Philadelphia News, Weather and Sports from WTXF FOX 29

Chicago’s debt increasing as year goes on

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CHICAGO (FOX 32 News) -

The city of Chicago is getting deeper in debt as the year moves along.

On Wednesday, the city was ordered to pay nearly $58 million to "Chicago Loop Parking" after violating the company's 99-year garage-privatization deal with the city.

According to the Sun-Times, Mayor Daley's administration mistakenly allowed a competing garage to open near a "Chicago Loop" garage in 2006.

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