Tuesday, September 7, 2010

Southern Note: Why Didn't I Think of That?

I read an account the other day of an interesting retirement strategy.  Outside England's Bristol Zoo, there is a parking lot for 150 cars and 8 buses.  For 25 years, its parking fees (about $1.40 for cars and $7 for buses) were managed by a very pleasant attendant.  Then one day, after 25 solid years of never missing a day of work, he just didn't show up.  Zoo Management called the City Council and asked them to send out another parking agent.  The Council replied that the parking lot was the Zoo's own responsibility.  However, as the Zoo pointed out, the lot attendant was a City employee, to which the City replied that the lot attendant had NEVER been on the City payroll...  So, somewhere on the coast of Spain (or insert your own dream here) is a man who'd apparently had a ticket machine installed completely on his own, and just showed up each day collecting and keeping the parking fees.  Assuming $560 per day, 7 days a week, this amounts to just over $7M.  Why didn't I think of that??