Monuments and Parking Meters

[ziero0]

https://finance.yahoo.com/news/colorado-shopper-confused-mysterious-2-100800213.html




"In Chicago, a controversial 2008 deal ramrodded through city council by former mayor Richard M. Daley sold 36,000 parking meters to Morgan Stanley for more than $1 billion; today, public employees who write tickets are essentially paid to protect the pocketbooks of the private owners, now known as Chicago Parking Meters LLC."


$28,000 per meter? Seems like Morgan Stanley purchased more than meters.

If each meter services one parking spot of 153 SQ ft then 36,000 such spaces amount to 5.5 million SQ ft or 126.5 acres. Price per acre is $7,905,138 86⁄253.

8 million bux an acre.

So the next time you plug a parking meter in Chicago you must realize that California is number one in homeless tent cities because they can't afford the parking in Chicago.

[Down1]

The people of Chitown got ripped off bad with that deal


The $1.16 billion deal that privatized Chicago’s parking meters has been the gift that keeps on giving for private investors, who long ago recouped their investment and raked in $150.9 million more just last year.

But the widely despised 2008 agreement could get $120.7 million worse thanks to a risky scheme authorized by former Mayor Lori Lightfoot.
https://chicago.suntimes.com/city-hall/2024/08/12/parking-meters-deal-75-year-lease-metered-spaces-pandemic-lightfoot-arbitration-ruling

[ziero0]

https://en.wikipedia.org/wiki/Chicago_Parking_Meters

Ask yourself:

What did the City of Chicago have to sell?

Three things

1) the parking meter
2) the pavement
3) a perception that they own the land under the payment

Well that last is actually owned by the people who pay for parking.


If you lay down on a parking spot are you required to pay a fee? These meters require a license plate number and credit card. I suspect you don't have the plate and probably shouldn't have the credit card. The meter is for licensed and registered cars. These don't belong to you. They belong to the state.

Not suggesting civil disobedience. Especially in matters concerning Chicago where life becomes terminal rapidly. But for the sake of argument three rocks placed vertically is sufficient to establish a claim to a gold mine. This creates a monument that is adequate when coupled with levant et couchant for possession.