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