Why a politically connected firm from France? So they can hide all the clouted Chicago people on this company's ghost payroll!
Mayor Rahm Emanuel on Wednesday introduced and defended his plan to cut a 20-year deal — potentially worth $270 million to the city — with a clout-heavy partnership that includes the French company that holds Chicago’s controversial bus shelter contract.
The agreement calls for JCDecaux and its partner, Interstate Outdoor Advertising, to put up 34 digital signs on city property adjacent to the Kennedy, Dan Ryan, Stevenson and Eisenhower Expressways and the Chicago Skyway and Illinois Tollway.
In exchange, the joint venture would guarantee Chicago taxpayers $15 million in 2013 and $154 million over the 20-year life of the contract. The city hopes to generate as much as $270 million over 20 years through a revenue-sharing arrangement that starts with 50 percent of the first $25 million in advertising revenue raised.
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