Home
Random
Trending
Today
52
posts added
Search
chicago.suntimes.com
8eQg8
TIL that in 2008, the city of Chicago sold the rights to collect revenue from its parking meters to a foreign-owned company, receiving a sum of $1.2 billion against a 75 year lease. Investors have collected $2.1 billion so far, for a yearly RoR of only 4.3%. Chicago has made a handsome profit.
W7xG4
TIL that in 2008, the city of Chicago sold the rights to collect revenue from its 36,000 parking meters to a foreign-owned company based in the U.A.E, receiving a one-time lump sum of $1.2 billion against a 75 year lease. These parking meters generate about $200 million in revenue annually.
4XRYg
TIL about Michael Gillespie, a computer repair shop employee who decrypts ransomware in his downtime and helps victims for free. The FBI honored him with a Community Leadership Award in 2017.