Chicago Puts An End To Midway Airport Privatization

Chicago has stopped plans to lease its Midway International Airport to private investors.  A spokesperson for Rahm Emmanuel, the mayor of Chicago,  said that the deal had fallen through because of the inability of investors to offer an amount that represented a fair deal to the city’s taxpayers.

The Wall Street Journal quoted Emmanuel’s spokesperson Sarah Hamilton, saying, “The mayor has decided not to move forward with the Midway leasing agreement. We set a high bar that required a new level of taxpayer protection.” According to Hamilton, “The companies did not...