r/BeAmazed 16d ago

History This is Wild..!!

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5.9k Upvotes

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u/TheMinick 16d ago

For those who don’t want to do the math, that’s a total of 11.25 billion over the course of 75 years. Bought for 1.1 B

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u/SeaweedClean5087 16d ago

If you invested 1.1bn in a tracker fund you’d probably have way more than ten times your money after 75 years.

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u/VidE27 16d ago

You know most of that 1.1 b is now in the form of properties and jetskis for the politicians involved?

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u/SeaweedClean5087 16d ago

Possibly, but on the face of it, it was a good deal. I’d have accepted that amount.

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u/xczechr 12d ago

Sure, but in the meantime Chicago no longer "owns" the streets where the meters are located, and must pay for the loss of revenue if they are modified or unusable.

https://www.youtube.com/watch?v=fDx6no-7HZE