by Dominique Dewitte
published on To •
4 min read
published on To •
4 min read
That most politicians have little knowledge of economics should come as no surprise. But what the Chicago City Council achieved in 2008, few will emulate.
What is it about ? In 2008, Chicago sold all of the city’s 36,000 parking meters for $1.15 billion to a consortium led by Morgan Stanley, Capital Partners and the Abu Dhabi Investment Authority. The agreement provided for the rental of all parking meters in the city for a period of
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