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by MikePlacid 1207 days ago
The word “recouped” was written by a journalist. The same journalist uses the word “revenues” as the source of recouping, not “profits”. They also use such strange constructions as:

> private investors have already extracted $2.1 billion from the deal, in part by refinancing three times.

1 comments

What’s strange about that? The owners boost cash flow by jacking up parking rates, create a higher value for their asset, and take out a new loan against it. The original loan gets paid off and the owners get to take out the new equity based on the higher valuation.