Interesting developments as states, cities and counties deal with their budget issues and financing needs. The following three long term lease transactions give you an idea of the type of flexibility that municipalities will have to incorporate in these devastating economic times.
The following illustrate these types of transactions:
1) City of Chicago receives a $1.15b payment for leasing its parking meters.
Mainline West believes it will become much more commonplace in the future to “monetize” municipal assets to bolster budgets and maintain facilities.