TIL that in 2008, Chicago leased its 36,000 parking meters to a UAE-backed private consortium for 75 years for a $1.15 billion payout. The investors made their entire investment back in just 10 years,
https://www.nbcchicago.com/news/local/chicago-parking-meters-have-generated-2b-for-private-company-audits-show/3741103/Open linkView original on lemmy.world
