Privatizing Chicago's Skyway

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

1 minute read

October 28, 2004, 11:00 AM PDT

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."

Thanks to Governing Magazine

FULL STORY: Skyway toll may go to $2.50

Thursday, October 28, 2004 in The Chicago Tribune

Transportation Illinois

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