Re:There is no way out of Chicago’s parking meter disaster
by jonathankoren on Thursday September 07, 2023 @02:03AM
(#37415274)
I remember when this stunt was pulled. It was loudly reported on all sides an obvious fleece for a quick buck. No one in the city supported this except Daley and the aldermen. Daley avoided having to actually deal with a budget shortfall, and then got a job with the firm that negotiated the deal.
As for “normal returns”, it was sold well below value, and the whole enterprise is literally just rent seeking.
As for “normal returns”, it was sold well below value, and the whole enterprise is literally just rent seeking.