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Why assume no price increases? Also, parking meters in a car centric region seem like they would be closer to government bonds than equities in terms of risk p
by lotsofpulp 3y ago
Why assume no price increases? Also, parking meters in a car centric region seem like they would be closer to government bonds than equities in terms of risk profile, so the return would need to be compared to something like that.
- HarHarVeryFunny 3y agoI just meant the math assumes no price increases. I'd have to guess that there are some agreed-upon price increases in the deal (2.66% too unattractive), and I see there was a recent failed lawsuit by Chicago drivers protesting high prices (downtown $7/hr), so they probably have gone up.
- Arrath 3y agoI vaguely recall reading about clauses granting lost parking spot profit for e.g. streets being closed for parades or construction that were pretty heavy handed as well. I wonder how true those were.