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Privatizing Chicago's Skyway

Posted by: Chris Steins
Thanks to: Governing Magazine
28 October 2004 - 11:00am

Chicago approves a record $1.82 billion deal to lease the Chicago Skyway to a Spanish-Australian consortium.

The City Council voted unanimously to approve a $1.82 billion deal to lease the Chicago Skyway to a Spanish-Australian consortium for 99 years. The deal raises the possibility of a 25 percent toll increase for the 7.8 mile highway. One alderman called the deal "the greatest single financial coup in the history of Chicago."

Full Story: Skyway toll may go to $2.50
Source: The Chicago Tribune, October 28, 2004
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