The Great Chicago Meter Heist
Manage episode 460771682 series 3264489
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.
49 episoder