Founders

I often found myself replying to a “that’s not possible” with, “if we can go to outer space, we can figure out how to____.”

After tonight, I may have found a new response.

Did you know that in 2008, the city of Chicago sold its parking meter revenue rights for 75 years (2083), to a consortium of investors (Morgan Stanley, Abu Dhabi) for $1.1 billion? 

The city averages sending $150 million to the consortium each year.

With no increase in fees or number of parking meters, that’ll be a $10+ billion return, or about 13% flat APY.

If Morgan Stanley and Abu Dhabi can buy the Chicago parking meter revenue rights for 75 years in a deal, I can launch a thousand Clayton Farms Salads locations over the next 20 years.