Tldr via notegpt
🔥 Chicago summers are hotter than the surface of the sun and winters are freezing, but for a few days in fall, it's tolerable.
💰 In 2008, Chicago sold its streets to Morgan Stanley and investors for $1.57 billion.
🅿️ Chicago leased its 36,000 parking meters to Morgan Stanley until 2084.
🚗 Chicago citizens must pay a private company every time they park at a meter.
🏈 Chicago's control over its streets was given up, impacting parades, road work, and meter management.
💸 Chicago paid Morgan Stanley $31.5 million in 2012 for lost revenue due to various reasons.
📉 The deal undervalued the parking meters, with Morgan Stanley making a killing while Chicago lost out.