Mayor Brandon Johnson won’t try to buy back Chicago’s parking meters – CBS2 (Chicago)

While the company can still try to sell the parking meters to someone else, Mayor Brandon Johnson said the City Council would have to approve any such deal, giving the city leverage to try to negotiate better terms from any potential buyer.
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The Railroader
4 months ago

Typical political animal thinking. Mortgage your future to pay current operating expenses. Chicago political animals have only their own mismanagement to thank for this deal and they have no right to complain when the purchaser collects on the deal.

“But they already made back their investment.”

Wah. Hizzoner signed the deal. This was financial Fa, Fo, and Chicagoans find themselves in the Fo phase. Any attempt to claw this back will cost plenty, not that the political animals mind <urinating> away confiscated taxpayer dollars. The ‘look’ will be dreadful and even the useless Chicago media might notice.

Fullbladder
4 months ago

The immutable laws of economics.

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