Chicago mayor wants to lease out Midway airport
CHICAGO – Chicago Mayor Rahm Emanuel is seeking private bidders interested in leasing Midway International Airport for no more than 40 years.
The mayor says he wants enough cash from the deal to pay off the airport's roughly $1.4 billion in debt, and then a split of profits with the private operator.
Emanuel is proposing a panel of City Council members, business leaders and labor representatives to oversee the process — with advice from an audit firm.
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