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A comment on Chicago sold rights to 36k parking meters for $1.2B that generate $200M per year. Parent comment

Re:Chicago sold rights to 36k parking meters for $1.2B that ... by helsinkiandrew on Wednesday March 01, 2023 @06:44PM (#34989989)
> Hard disagree. Business optimized for the value it can capture in the short term. It will be more efficient at that.

Not necessarily true, many power generation projects are built knowing that they won’t be profitable for many decades and are happily funded by pension companies that treat them like bonds. Many government projects don’t get done because their payoffs won’t be seen within the election cycle.

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Re:Chicago sold rights to 36k parking meters for $1.2B that ... by dx034 on Thursday March 02, 2023 @04:45AM (#34993881)
Are they really? As far as I know, really big power projects (like nuclear plants) usually need government funding or guarantees to get built. Renewables get built by pension funds, but they pay off after 7-10 years in most cases.
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