The alderman is introducing his proposed privatization reforms in Chicago's City Council after the controversial privatization of city parking meters sparked protests.
"Residents and businesses alike are pushing their aldermen to make sure that we have transparency and openness, and more oversight over these types of deals. And I think a lot of people actually want to see this parking meter lease broken," said Waguespack.
The proposal would limit future city privatization deals to 30 years and would require them to include state-of-the-art maintenance and safety standards.
