Chicago to Explore Leasing Midway Airport, Emanuel Says
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Chicago plans to explore leasing Chicago Midway International Airport and would proceed with a deal only if a transaction would benefit taxpayers and travelers, Mayor Rahm Emanuel said today.
The decision by Emanuel, who has criticized a 75-year lease of the city’s parking-meter system pushed by his predecessor, Richard M. Daley, revives an idea that died in 2009. The new proposal envisions a lease of fewer than 40 years, and the city would retain ownership. The airport is Chicago’s second-biggest, behind O’Hare International.