Chicago Doesn’t Own Its Own Streets | Climate Town
www.youtube.com
DON’T TAKE THE DEAL! Check us out on Nebula: https://go.nebula.tv/climatetown Patreon: https://www.patreon.com/ClimateTown sUbScRiBe FoR mOrE ViDeOs: https:/...

Chicago is held hostage by a 75 year lease of its parking meters to Morgan Stanley, impacting public transport and alternate transportation funding.

  • @GiganEnglish
    29•1 year ago

    I heard about this situation a couple years ago and thought it sounded like a terrible deal for Chicago. Turns out it’s even worse than I thought! Hopefully the city can find some way to mitigate the damage caused by it.

    • @ManosTheHandsOfFateEnglish
      12•1 year ago

      I was living in Chicago at the time. Everyone knew it was a terrible deal but Mayor Daley ruled the city with an iron fist and did whatever he wanted.

      • Brawler YukonEnglish
        5•1 year ago

        Mayor Daley ruled the city with an iron fist and did whatever he wanted.

        Exactly. Just ask Meigs Field.

        • @[email protected]English
          4•1 year ago

          Story still pisses me off to the day I heard about it.

          TL,DR: in the dead of night bulldozers physically tore up portions of runway. Standing 50+ airplanes. FAA approved using taxiway to evacuate

          • @ChonkyOwlbearEnglish
            2•1 year ago

            I always appreciated it because it’s probably the only time a politician specifically fucked over the ultra rich for the benefit of the general public.