Julie Roin Argues Privatization of Public Assets Just Like Borrowing Money
Mayor Rahm Emanuel may want to update his summer reading list with an article by a law professor at the University of Chicago.
The paper is not light summer reading by any stretch. Rather, its publication in the June issue of the Minnesota Law Review is timely.
Professor Julie Roin studied the privatization of public assets, particularly deals in which governments received upfront payments in exchange for foregoing future revenue streams. Deals such as Chicago's leasing of parking meters and the Chicago Skyway toll road.