Thanks Groot!!!
It's a toss-up of who was a more useless mayor - Conehead or Groot.
In Conehead's temporary favor, he's only been there two years. groot had four years to royally f#$% up Chicago....and she's still costing the taxpayers money:
Taxpayers will spend $15.5 million to compensate the investment team that paid $1.16 billion to lease Chicago parking meters, thanks to a risky pandemic-era scheme authorized by former Mayor Lori Lightfoot.
As bitter a pill as that is to swallow for Chicagoans who despise the 75-year parking meter deal, it could have been a whole lot worse.
Private investors from as far away as Abu Dhabi, who long ago recouped their investment and raked in $150.9 million more in 2023 alone, started out by seeking $322 million. An arbitrator recommended $120.7 million.
The fact that Mayor Brandon Johnson’s administration managed to persuade Chicago Parking Meters LLC to accept $15.5 million, or just 12.8% of its original demand was a victory, albeit a pyrrhic one.
That's the trouble with Contracts - they're usually drawn up by highly educated lawyers. And when the money numbers top one billion dollars, the Contracts are drafted by super-highly educated lawyers and then run by a committee of people who actually spend time writing Contract Law and teaching it to other lawyers.
So when you get a mayor who was thinks she's smarter than those lawyers (all while claiming to have a giant penis) and decides to violate the terms of a pretty much air-tight financial Contract, the above result is that taxpayers, once again, get screwed over.
The fact that they settled for $15.5 million instead of the recommended $120.7 million can only be described as a "mercy f#@$"
Labels: city politics, money questions
21 Comments:
A FU to Mayor Daley for this deal and the stupid moron alderscum who voted for it.
“ So when you get a mayor who was thinks she's smarter than those lawyers (all while claiming to have a giant penis)………..”
Put up or shut up. Have a gender reveal penis party. Is
it real from birth or sewn on later. That would explain a lot in this mystery.
Thank the unions. You lost all the revenue from there and the skyway because of them. Can't automate, can't lose jobs, have to have twice as many people as required. It's why manufacturing left too, you can blame the politicians but the issue is union greed.
Retired in Texas…….
“Has a giant penis?”…….you mean IS a giant penis….a 4. Foot tall walking penis with a fuzzy head…….
Stay safe……..
Her giant penis was purchased at Spencer's gift.
Ahhh, the old "Fuck you, pay me" contract clause that Daley shoved into the contract written by the firm he went to work for after selling off the meters for peanuts...
The gift that keeps on takin...
Say what you want about the Tiny Dancer. He took one look at that parking meter contract and threw up his Fruity Pebbles. True to form, he never mentioned his predecessor by name. But he was able to claw back a pittance of the money sucked out of this city.
With some creative money management imagine THIS parking deal.
The cities labor pension funds banding together to sign the EXACT same contract that the city entered into. Now don’t get nuts. This isn’t a suggestion to co mingle all the pension funds. This idea was strictly to created this single contract revenue stream. Those hundreds of millions could have, and should have, been kept in this city.
Shortshanks was a rotten cocksucker!
There! Tiny Dancer had to have thought it. But I’m saying it.
Time to bring the fu groot shirts back ?
Democrats are reat at wasting your money.
Snap-On.
Union greed? Business greed? It's man's (and women's too) greed.
Speaking of DEI screw ups. Granny Clampet had 11 prisoners escape in NO. Her/his press conference was great. Chicago lost a great leader when she/he left.
What is a "mercy f#@$"?
Sooner or later the airports will be going on the sale block. Selling would be a chance for a short term gain of cash to avoid massive tax increases and bankruptcy. Long term, another parking meter deal. The city gets screwed. It's all about the next election. Why make responsible fiscal decisions when you can pass it off the the future.
It’s only going to get worse
Amen.
Sell lake Michigan to the Saudis. We can get our water outta the sewage canals.
Not defending her overall, but I think it was the Sheriffs that had custody of the prisoners when they escaped.
Maybe put the blame where it belongs. Daley.
Daley is a POS!
Groot also started the creation of opsa.
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