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Was it an unbelievable deal for the city of Chicago

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Question - Facing a huge projected 2009 budget deficit, Chicago Mayor Richard Daley struck a deal to lease the city's 36,000 parking meters to an investor group that included Morgan Stanley. Morgan Stanley and its partners would pay Chicago $1.2 billion up front; in return, they would collect revenue from parking meters for the next 75 years.

Was it an unbelievable deal for the city of Chicago or for Morgan Stanley and its partners? To answer that question, you must know how to compare an up-front payment with a long-term stream of cash payments.

Reference no: EM132743668

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