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by jonathankoren 1024 days ago
I remember when this stunt was pulled. It was loudly reported on all sides an obvious fleece for a quick buck. No one in the city supported this except Daley and the aldermen. Daley avoided having to actually deal with a budget shortfall, and then got a job with the firm that negotiated the deal.

As for “normal returns”, it was sold well below value, and the whole enterprise is literally just rent seeking.