Tuesday, March 26, 2013

This deal's getting worse all the time...

Kevin Osborne at Channel 9 has uncovered details on the Parking Plot, revealing that the bulk of the revenue of the parking deal will end up in the hands of a Wall Street hedge fund.

Milton Dohoney's mouthpiece, Meg Olberding, claims the city will see nearly 41% of the value, but the City's own economic director says the city's take will be 24%.

Just as the streetcar bids came in widely over projections, we expect that the 24% number is close to correct. And probably inflated!

To quote Lando Calrissian, "This deal's getting worse all the time!"

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