FAA OKs request to privatize Midway


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Posted Online: Jan. 18, 2013, 2:38 pm
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CHICAGO (AP) Federal authorities have given a green light to Chicago to press ahead with plans to privatize Midway International Airport.

The Federal Aviation Administration says Friday in a statement that the city 'can take the next steps to select a private airport operator' after the agency accepted a preliminary application to privatize Chicago's second largest airport.

Mayor Rahm Emanuel said last month he's seeking private bidders interested in leasing Midway for up to 40 years. He wants enough cash from the deal to pay off Midway's roughly $1.4 billion debt. There'd be a split of profits with the private operator.

Emanuel proposed a panel of City Council members, business leaders and labor representatives to oversee the process.

He says a 'Traveler's Bill of Rights' would be part of any deal.














 



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  Today is Thursday, July 31, the 212th day of 2014. There are 153 days left in the year.

1864 -- 150 years ago: A corps of surgeons now occupies the new hospital quarters at the Garrison Hospital on the Rock Island Arsenal. A fence has been installed to enclose the prison hospital.
1889 -- 125 years ago: B. Winter has let a contract to Christ Schreiner for a two story brick building with a double store front on the south side of 3rd Avenue just west of 17th Street. The estimated cost was $4,500.
1914 -- 100 years ago: Germany sent simultaneous ultimatums to Russia and France, demanding that Russia suspend mobilization within 12 hours and demanding that France inform Germany within 18 hours. In the case of war between Germany and Russia, France would remain neutral.
1939 -- 75 years ago: Civil service offices at the post office and the Rock Island Arsenal were swamped as more than 700 youths sought 15 machinist apprenticeships at the Arsenal.
1964 -- 50 years ago: Last night, American Legion Post 246 in Moline figuratively handed over the trousers to a female ex-Marine and petticoat rule began. Olga Swanson, of Moline, was installed as the first woman commander of the post .
1989 -- 25 years ago: The Illinois Quad City Civic Center captured the excitement and interest of a convention of auditorium managers this weekend in Reno, Nev. Bill Adams, civic center authority chairman, said the 10,000-seat arena planned for downtown Moline has caught the eye of construction firms, suppliers, management teams and concession groups.








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