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FORTUNE -- Every few years, market chatter about a coming wave of privatizations swells into a sea of noise and anticipation. Inevitably, the wave crashes, and private investors are usually foiled in their attempts to buy bridges and roads from states and municipalities. The details may change, but the basic theme stays the same: politicians realize that selling a toll road to Blackstone (BX) is no way to get re-elected.
Now private buyers are in talks for public assets yet again. But this time, there's reason to believe that more deals could transpire. Here are three reasons why the push to privatize assets from local governments could pan out.
1. Government hasn't been this broke in decades Fortunerecently profiled three cities are on the verge of bankruptcy, but they're only the worst of a very bad lot. States including New York, New Jersey, and California all face massive budget deficits at a time when tax receipts are down and demand for social services is growing.
Location: Cleveland bound with MPLS in the rear-view
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Seems like anything involving safety of infrastructure should NOT be a privately held investment, as the last thing you would want as a user of that infrastructure is Wall St. cutting corners on costs and reducing quality in effort to make a bigger profit! If there is one thing we have learned in the past couple of years is that Wall St. does not care about the people they profit over!
Seems like anything involving safety of infrastructure should NOT be a privately held investment, as the last thing you would want as a user of that infrastructure is Wall St. cutting corners on costs and reducing quality in effort to make a bigger profit! If there is one thing we have learned in the past couple of years is that Wall St. does not care about the people they profit over!
These cities had a terrible management, and they're sold to public unions.
They're punished and must ne helped by Wall Street, well done.
And it's not surprising..Where are these cities ? NY, NJ and Cali !!
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