You still shaking your head over the finish to the Bears/Eagles game last night?
Let us move on.
The best funded of the Chicago mayoral candidates is Bill Daley of the Chicago Daley’s.
My own view about Daley’s chance of being mayor is this: Zero.
All his opponents need to do is run TV ads that use the three words, “parking meter deal,” and the guy is toast.
This morning, only Cody Parkey makes Chicagoans more heated and upset than Mayor Daley’s parking meter deal, and that was eight years ago.
Okay. No more Cody Parkey references
Although Bill has changed his tune since he announced for mayor, he once called the sale of the city’s parking meters to a private company a good business deal.
In 2008 Mayor Daley leased Chicago’s entire parking meter operation for 75 years to a new venture called Chicago Parking Meter LLC for $1.6 billion.
To date CPM has earned nearly $1 billion and its investors will recoup the purchase price by 2021 with 62 years left for profits. Chicago gets nothing.
CPM is a consortium of three investment firms led by Morgan Stanley, which packaged the deal. Morgan Stanley’s public finance chief is William Daley Jr.
Maybe we should call it the Parkey Meter Deal.
Bill Daley is announcing some new reform idea every couple of days. His idea this morning is to reduce the size of the City Council from 50 to 15.
I don’t know about you but the first thing that came into my head is that Daley is thinking 15 are cheaper to buy than 50.
The last time the city council voted on Rahm’s budget the vote was 48 to 1. The one being 32nd Ward Alderman Scott Waguespack.
Under Daley’s reform the vote would have been 14 to 1. See the difference?
Daley’s family, friends and associates have been among the generous donors to Burke’s campaign funds over the past year, according to a Chicago Sun-Times analysis.
Some of those dollars flowed after Burke’s ward and City Hall offices were raided by federal agents Nov. 29 and Dec. 13, as part of an investigation that on Jan. 3 saw criminal charges unsealed against Burke for allegedly trying to muscle a Burger King franchise owner — while seeking city approval for a restaurant remodeling in his ward — into hiring his law firm.
Daley? Preckwinkle? Chico? Mendoza?
Who hasn’t Burke touched?
My council reform idea is to elect teachers as Alderman.
Erika Wozniak, Dianne Daleiden and Tara Stamps are all members of the Chicago Teachers Union running for alderman. Susan Sadlowski Garza, alderwoman of the 10th Ward, was CTU before becoming alderman four years ago.
All four are scheduled to be on Hitting Left this week.
Friday. 11am. 105.5fm. Streaming at http://www.lumpenradio.com and on podcast.