Parking meter deal gets even worse for Chicago taxpayers

[MVP444300]

Interesting investment that someone is going to make a killing on!!!

 

Parking meter revenues are nearly back to pre-pandemic levels. With 61 years to go on the 75-year lease, Chicago Parking Meters LLC has now recouped its entire $1.16 billion investment, plus $502.5 million more.

 

Parking meter deal gets even worse for Chicago taxpayers, audit shows - Chicago Sun-Times (suntimes.com)

[Castanza]

Chicago Parking Meters LLC, a venture that includes Wall Street investment house Morgan Stanley, Alliance Capital Partners and the Abu Dhabi Investment Authority.

 

https://www.theatlantic.com/business/archive/2010/10/why-does-abu-dhabi-own-all-of-chicago-s-parking-meters/339805/

Edited May 26, 2023 by Castanza

[Parsad]

I'm not sure the title of the post was big enough.  I've shrunk it!  Cheers!

[Spekulatius]

23 hours ago, MVP444300 said:

Interesting investment that someone is going to make a killing on!!!

 

Parking meter revenues are nearly back to pre-pandemic levels. With 61 years to go on the 75-year lease, Chicago Parking Meters LLC has now recouped its entire $1.16 billion investment, plus $502.5 million more.

 

Parking meter deal gets even worse for Chicago taxpayers, audit shows - Chicago Sun-Times (suntimes.com)

That’s better than Mungers oil royalty buy in the 60’s that was raved about and probably on par with how the Russian Oligarch bought state owned assets in 1990 or thereabouts.

Edited May 27, 2023 by Spekulatius

[MVP444300]

4 hours ago, Parsad said:

I'm not sure the title of the post was big enough.  I've shrunk it!  Cheers!

 

My bad!!   Thank you for shrinking it