In Chicago in 2008, in an act of fiscal desperation during the Great Recession, the city made a terrible decision to lease their 36,000 parking meters to a global consortium made up of Morgan Stanley, a sovereign wealth fund from the Middle East, and a national parking company. The consortium offered the city $1.1 billion in up-front payment for a 75-year lease.
Donald Cohen
...and now we have the Obamachron, for 99 years.
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