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The Great Chicago Meter Heist

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Manage episode 460771682 series 3264489
Indhold leveret af Adroit Affaires. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Adroit Affaires eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

In 2008, Chicago made a deal that would shape its streets—and its finances—for decades. The city sold the rights to 36,000 parking meters to private investors for a whopping $1.157 billion. But was it a savvy move to plug a budget gap during the Great Recession, or a colossal mistake?

💰 A $2 billion asset sold for half its worth?

📈 Skyrocketing parking fees and financial handcuffs for the city.

🇦🇪 And the surprising global investors pulling the strings.

Join us as we dig into the 75-year contract some say “sold the streets themselves” and uncover what went wrong—and what Chicago regrets to this day.

Subscribe now to get the full story.

https://www.paypal.com/biz/profile/adroitaffaires⁠⁠⁠⁠

⁠⁠⁠⁠https://www.linkedin.com/company/adroit-affaires-inc.

  continue reading

49 episoder

Artwork
iconDel
 
Manage episode 460771682 series 3264489
Indhold leveret af Adroit Affaires. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Adroit Affaires eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

In 2008, Chicago made a deal that would shape its streets—and its finances—for decades. The city sold the rights to 36,000 parking meters to private investors for a whopping $1.157 billion. But was it a savvy move to plug a budget gap during the Great Recession, or a colossal mistake?

💰 A $2 billion asset sold for half its worth?

📈 Skyrocketing parking fees and financial handcuffs for the city.

🇦🇪 And the surprising global investors pulling the strings.

Join us as we dig into the 75-year contract some say “sold the streets themselves” and uncover what went wrong—and what Chicago regrets to this day.

Subscribe now to get the full story.

https://www.paypal.com/biz/profile/adroitaffaires⁠⁠⁠⁠

⁠⁠⁠⁠https://www.linkedin.com/company/adroit-affaires-inc.

  continue reading

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