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Pretty dumb move. They got screwed on the terms. They should have said "$3.6 billion or 75 years, whichever comes first." A 200% return should be enough to get
by karaterobot 4y ago
Pretty dumb move. They got screwed on the terms. They should have said "$3.6 billion or 75 years, whichever comes first." A 200% return should be enough to get investors on board.
What does it mean to buy the rights to parking meters? Are they buying the physical meters along with the right to collect and enforce fees on them? If the city passes a law that says "no more parking meters, we use drone enforcement now", what happens? What happens if parts of Chicago become car free zones, do the investors get to sue the city? This seems so dumb. So, so dumb.