Deal to Privatize Midway May Pay for Chicago Projects
Construction could benefit if a $2.521-billion deal announced Sept. 30 by Chicago officials to privatize Midway International Airport is approved.
The city could net a fair amount of money targeted for future infrastructure projects as part of the 99-year agreement. About $1.5 billion would be used to retire airport debt, says Lisa Schrader, deputy CFO in the Chicago Dept of Finance. That would leave slightly more than $1 billion.