It sounds like the real problem with the deal isn’t the financial aspect but the length. 75 years is just too long without the opportunity to renegotiate or change vendors. If it had been 10 or 20 years then the city would be in a much better negotiating position.
But it sounds like 75 years was what Mayor Daley needed to make up the budget shortfall that year, so Chicago is stuck.
But it sounds like 75 years was what Mayor Daley needed to make up the budget shortfall that year, so Chicago is stuck.