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Midway Airport Lease To Bring In $2.5 Billion

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Sep 30, 2008 2:25 pm US/Central

Midway Airport Lease To Bring In $2.5 Billion

CHICAGO (STNG) ― Mayor Daley on Tuesday announced the 99-year lease of Midway International Airport for $2.5 billion.

Midway Investment and Development LLC will lease the southwest side airport as part of Daley's plan to help close a $420 million budget shortfall.

Three major city assets have been on the block: Midway, the city's 36,161 parking meters its waste transfer stations.

(Source: Sun-Times News Group Wire © Chicago Sun-Times 2009. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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