Re:Chicago sold rights to 36k parking meters for $1.2B that ...
by ojbyrne on Wednesday March 01, 2023 @07:45PM
(#34990469)
A comment further down says the sale price was 3.5 billion dollars, revenue of the company is $600 million. If the profit margin is 10% (not unreasonable for a regulated utility) that works out to an interest rate of 1.7%. So basically a $3.5 billion loan at a 1.7% rate locked in for 200 years. Sweet deal.
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