Johnson eyes taking back Chicago’s parking meters — at a steep price – Crain’s

parking meter At its core, the proposal is an investment decision: whether the future revenue from the meters would justify the cost of buying out the lease. Politically, Johnson would also have to convince aldermen and voters to swallow the optics of repurchasing an asset for far more than the city received when it sold it nearly 20 years ago.
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Free at Last
7 months ago

I read this contract several years ago as part of another matter that I was working on. It struck me as laughably bad back then. The only thing the city got was a big payment upfront. It smacked of a payday loan situation.

daskoterzar
7 months ago

What took him so long. I am sure the government can do it better than any private business. It will only require 4,000 patronage hires, 1,000 middle level management patronage hires and 100 top level executives making $150K or more each to run it. Hmmm, might even need a separate Board of Directors to make sure the graft and corruption takes hold. It will work out just like most government prOgrams do. Go for it Pinhead.

Lurker
7 months ago

BJ wants to have race based meters for reparations

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