"Under the plan, the city would transfer control of the Skyway to a private vendor, which would then lease the toll bridge back to the city over a long-term period, likely 50 years. The city would recover ownership of the Skyway after the lease ends."
http://www.wbbm780.com/asp/ViewMoreDetails.asp?ID=39513 Perhaps someone with a (better) grasp of finance could address this, but isn't this a similar deal that the state tried a year or so ago with the Thompson Center? Sell the asset while continuing to lease it for a quick cash boost. The Thompson Center deal was derided as foolish - how is this different? The private vendor will apparently be responsible for operations and maintenace (right after loads of improvements have been completed). The move does not intuitively make sense to me - can anyone better explain it? jon kelland pilsen/25th ward __________________________________ Do you Yahoo!? Yahoo! Domains – Claim yours for only $14.70/year http://smallbusiness.promotions.yahoo.com/offer _______________________________________________ Chicago Issues Forum - Citywide Civic Discussion To post to list: [EMAIL PROTECTED] To (un)subscribe: http://www.e-democracy.org/chicago/ To contact list manager: [EMAIL PROTECTED] E-Democracy will not share, trade, or sell your information. Please do not harvest participant e-mail information for other lists or solicitations without specific consent from addressee.
