FAA OKs request to privatize Midway


Share
Posted Online: Jan. 18, 2013, 2:38 pm
Comment on this story | Print this story | Email this story

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.
















 




Local events heading








  Today is Wednesday, Sept. 17, the 260th day of 2014. There are 105 days left in the year.
1864 -- 150 years ago: We are told league merchants have paid no attention to the prohibition on selling ammunition, but continue to sell just as before the order was issued.
1889 -- 125 years ago: The Rev. R.F. Sweet, rector of Trinity Episcopal Parish, left for the East to visit his boyhood home in Boston before attending the general convention of the Episcopal Church in New York.
1914 -- 100 years ago: Dr. E.A. Anderson was named to succeed Dr. E.L. Kerns as head physician of the Modern Woodmen of America, and moved to Rock Island from Holdingford, Minn.
1939 -- 75 years ago: One week late, because of the outbreak of war, Dr. E.L. Beyer resumed his work as professor of romance languages at Augustana College. Dr. and Mrs. Beyer left Germany on the last train to the Belgian border.
1964 -- 50 years ago: Employees in Turnstyle stores in Moline and Davenport will vote Oct. 2 in an election set up by the Chicago regional office of the National Labor Relations Board. Employees will vote either for the Retail Clerk International or for no union.
1989 -- 25 years ago: Rock Island High School is considering a step to help teen moms stay in school and get their diploma. The school board is expected to vote tonight on instituting an on-site child care center.




(More History)