Yeah, I don’t doubt that they are doing that all over the place...
selling long term income sources for lump sums that get spent immediately is a scheme that many poor planners, and thieves, do all the time.
They probably figured in a few years there won’t be enough people working to be driving thus parking revenue will be nil. So they took what they could get. Now the stupid people who bought them will be stuck holding the snipe bag.
This is known as a ‘bust-out’ in Chicago looting of bars, etc. What O is doing to the US is the biggest bust-out ever.
“selling long term income sources for lump sums that get spent immediately is a scheme that many poor planners, and thieves, do all the time.”
They consider it a win win. They get a quick fix for their addiction and it serves as an example against privatization that they can bring up endlessly.