Re:There is no way out of Chicago’s parking meter disaster
by knubie on Thursday September 07, 2023 @03:11AM
(#37415672)
As per the article Chicago needed cash, and quickly, to fill a budget shortfall, so they sold a lease up front to fill the hole.
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Re:There is no way out of Chicago’s parking meter disaster
by defrost on Thursday September 07, 2023 @03:33AM
(#37415807)
As per the implication in the article, the former Mayor and close circle pushed an asymmetric "cash now, big trouble later" deal through in exchange for (implied) kickbacks and as a result of leaving office with zero chance of having to deal with the consequences.
There's much to be said for tying some form of liability to office holders who make a deal.