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 Saturday, April 19, the 109th day of 2014. There are 256 days left in the year.

1864 -- 150 years ago: Miss McCorkindale has opened millinery rooms over Gimbel's dry goods store, where she offers a choice lot of millinery goods, which she will manufacture to order.
1889 -- 125 years ago: The little South Park Presbyterian chapel celebrated it first Easter decorated with flowers for an afternoon worship service attended by a large congregation.
1914 -- 100 years ago: The Wennerberg Chorus of Augustana College has returned from a 2,000-mile tour in the Eastern states and Illinois.
1939 -- 75 years ago: Col. Charles Lindbergh has stated that he is convinced that Germany's air force is equal to the combined sky fleets of her potential European foes.
1964 -- 50 years ago: Small gas motors may be permitted on boats in the lake to be built in Loud Thunder Forest Preserve. The prospect was discussed yesterday at a meeting of the Rock Island County Forest Preserve Commission.
1989 -- 25 years ago: The annual Dispatch/Rock Island Argus Spelling Bee continues to be a family tradition. Ed Lee, an eighth-grader at John Deere Junior High School, Moline, is the 1989 spelling bee champion from among 49 top spellers in Rock Island, Henry and Mercer counties. He advances to the competition in Washington, D.C. Runnerup was Ed's sister, Susan.






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