Midway Privatization Dies As Midco Fails To Produce Financial Backing

摘要

The plan to privatize Chicago Midway Airport byna $2.5 billion, 99-year lease is dead, another victim ofnthe economic downturn.nCity of Chicago and the Midco consortium agreednMonday to call it quits on the privatization that launchedna small series of efforts by U.S. communities to look seriouslynat leasing or other forms of privatization as a waynto help balance local government budgets. Midco said,n“The company was unable to finalize the transaction duento current global market conditions that have materiallyndeteriorated since the bid award.”