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cover of episode The City That Sold Itself To Wall Street

The City That Sold Itself To Wall Street

2023/9/1
logo of podcast Cautionary Tales with Tim Harford

Cautionary Tales with Tim Harford

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Henry Grabar
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Scott Wagaspak
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Tim Harford
旁白
知名游戏《文明VII》的开场动画预告片旁白。
芝加哥居民
芝加哥市议员
芝加哥监察长
芝加哥郊区居民
Topics
Scott Wagaspak:发现了芝加哥将停车计时器卖给摩根士丹利的交易文件,并意识到交易中可能存在信息不对称,以及芝加哥市可以大幅提高停车费以获得更多收益。他试图向芝加哥的预算主管提问,但对方避而不答。他投票反对这项交易,但最终交易还是被批准了。 Paul Volpe:作为芝加哥市长财务主管,他强调了这笔交易对芝加哥财政的重要性,并表示要么接受,要么拒绝。 芝加哥市议员:对停车计时器租赁协议的决策过程过于仓促,对协议内容缺乏充分的理解。 芝加哥郊区居民和芝加哥居民:对CPM公司提高停车费和延长收费时间表示不满,一些人甚至表示将避免前往芝加哥市区。 Marilyn Katz:将停车计时器私有化是对芝加哥市民的侮辱。 芝加哥监察长:芝加哥市与摩根士丹利达成的协议价格过低。 Tim Harford:将芝加哥将停车计时器租赁给摩根士丹利的交易作为一个警示故事,并与Henry Grabar讨论了这笔交易的教训。 Henry Grabar:认为芝加哥市政府低估了停车位的价值,并且在进行这笔交易时缺乏充分的考虑和审查。他认为,这笔交易不仅放弃了停车收入,还放弃了对街道本身的控制。他分析了停车问题在城市规划和房地产开发中的重要性,以及停车位过多对环境、步行体验和住房可负担性产生的负面影响。他指出,近年来,许多美国城市开始取消停车要求,以促进更适宜步行的城市发展。他还讨论了电动汽车将如何改变停车格局。

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The city of Chicago sold its parking meters to a Morgan Stanley-led consortium for $1.156 billion, a deal that was met with skepticism and later criticism for its long-term implications and the city's lack of thorough review.

Shownotes Transcript

Cautionary Book Club:** **When Morgan Stanley offered to lease Chicago's parking meters for the princely sum of $1 billion, the City Council were convinced that they had struck gold. They hastily signed the deal. But they soon learnt that they hadn't just traded away parking revenue - they had traded away the streets themselves...

In this hybrid episode of Cautionary Tales, Tim Harford first tells the story of the Chicago parking metres fiasco of 2008. In the second half, Tim is joined by Henry Grabar, author of Paved Paradise, to discuss the lessons we can glean from Chicago's deal with Wall Street, and why parking is such an emotive issue for so many.

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