Chicago is held hostage by a 75 year lease of its parking meters to Morgan Stanley, impacting public transport and alternate transportation funding.
Chicago is held hostage by a 75 year lease of its parking meters to Morgan Stanley, impacting public transport and alternate transportation funding.
I just googled that, assuming it must be something from the 50s or maybe 60s - but 2008? What the fuck is wrong with you guys over there?
I mean, it is tempting if you are a soulless politician that only thinks as far as the next reelection. In 2008 the economy and therefore city finances were just a tiny bit under the weather. If you are then able to pull a deal that nets the city over a billion dollars, that’s great. You won’t be there to see the repercussions and you bolstered the balancesheet for a year, what’s not to like? /s