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Daley Wed Nov 04 2009
Fast-Tracked Privatization Negotiations--Really!?
I came across this bit on a blog about transport project finance:
In separate news reports, Daley indicated that his administration is prepared to fast-track the Chicago Midway long-term lease without another auction process. The mayor would, instead, negotiation [sic] directly with the pool of potential bidders attracted to the airport in the previous process. Since the first quarter, traffic at Chicago Midway has rebounded with sequential gains in each month since March and positive year-over-year results from July. The improving passenger volume and newfound cargo flows bode well for the bidding process.
We own Midway Airport. The process should be open, with citizen review and real deliberation. After the parking meter debacle, that this type of "fast-tracking" could be discussed among these finance professionals in regards to Chicago's municipal assets is appalling.
Hilary / November 4, 2009 12:52 PM
There's no such thing as democracy when the People own nothing in common, when the People don't collectively control property.