In this eye-opening episode, Peter dives into the shocking story of how Chicago's city leaders sold its parking meters to private investors for just $1.15 billion, locking in a 75-year deal that continues to impact drivers today. What seemed like a quick fix for the city's financial crisis in 2008 turned into a long-term nightmare for Chicagoans, with billionaires in Abu Dhabi and Wall Street executives reaping the benefits. From sky-high parking rates to hidden clauses that cost the city and its taxpayers, this is the story of one of the most disastrous municipal deals in American history—and why it still matters.
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