Is City Hall Passing up Recycling Revenue?
By Kevin Robinson in News on Feb 18, 2010 3:00PM
Photo by Chicagoist Prime, Rachelle Bowden.
The company is offering the city 10 percent of all advertising revenues over the next ten years, with a minimum of $4 million annually guaranteed. The company also claims that the city will save an additional $4 million a year in associated costs. Environment Department spokesman Larry Merritt told the Sun-Times that the Daley administration remains "open to ideas that could generate revenue for Chicago taxpayers." Unfortunately, during an "informational meeting" with Holland, the concern that a citywide installation of the units was raised that Chicago could be in violation of it's 20 year agreement with JC Decaux, the French corporation that maintains bus shelters and sidewalk billboards for the city.