The future of investment banking

Morgan Stanley announced today that Chicago Parking Meters, LLC, a consortium led by its infrastructure investment group that is part of the Firm’s Investment Management Division, has been selected by the City of Chicago as the winning bidder for the 75-year concession of the Chicago Metered Parking System ("the System" or "metered parking system"). Chicago Parking Meters, LLC submitted a bid of $1.15 billion for the metered parking system. LAZ Parking ("LAZ") will be responsible for the operation of the System.

Here is the link.  Remember the great scene from Donnie Brasco?  For the pointer I am thankful to Air Genius Gary Leff.