sdifox
No Lifer
- Sep 30, 2005
- 97,016
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Originally posted by: ebaycj
Originally posted by: tk149
Originally posted by: K1052
Originally posted by: waggy
Originally posted by: K1052
Originally posted by: Amused
It about freakin' time.
I wonder if we'll ever be able to bust that corrupt Chicago political machine? Crooks, all of them.
lol...if it took this long to bring down Rod I sort of doubt it.
Daley is too smart and has compartmentalized everything. At worst he loses a couple city officials/aides and claims he had no knowledge. Like his father he'll probably be the last man standing until they lower him into his grave.
yeap. EVERYONE knows daley is currupt. hell its not secret. but you can't trace anything to him at all.
just look at the recent selling of the parking meters.
He did sell them to Morgan Stanley, though only after they happened to hire one of his nephews.
IIRC, 400M+ of that money is slated for the city's cash reserve. Along with some of the cash from the Skyway lease I'm sure they've crunched the numbers and figured out that the interest generated from the cash hoard will outstrip the revenues from just operating them. The rest of the cash will help the city limp through the next few years of the downturn.
The parking lease and subsequent increase also allowed the City to qualify for a $150M grant from the feds to implement a Bus Rapid Transit system.
If this is true, then why did Morgan Stanley agree to the contract? Morgan Stanley obviously thinks that it can make more money from the revenues than the interest on the cash.
Morgan Stanley is raising rates from $0.50/hr to $6.50/hr in some places. They will also be enforcing 24/7 (right now, city takes nights and weekends off for the most part).
0.50 an hour is a joke. No wonder they don't make money. Toronto street parking in the downtown area is 3.50 dollars an hour, assuming you can find a spot.