Now that the Infrastructure Trust has been approved will someone now explain to me how it works. I am sure most of the aldermen who voted for it don't understand it.
E.g., what is the premium over municipal bonds expected to be?
If savings resulting from projects are paid out as a return to investors what value has it to the taxpayers?
How is principal repaid?
These are simple questions, yet for all the arguing and discussion on Chicago Tonight, I am no clearer as to the answers.