Sunday, January 20, 2013

Chicago Accepting Bids to Privatize Airport

Kathy Bergen, of the Chicago Tribune Review, has an interesting article outlining the current bidding process for companies seeking to gain control of Chicago's Midway Airport. Potential bidders are submitting their applications as we speak and must formally express their interest in the contract before February 22.

Companies planning to submit a bid for the contract will need to meet a variety of specific terms including a lease of less than forty years and revenue sharing with the city. Southwest Airlines, the airport's leading provider, is in favor of the move towards privatization. It will take some time to evaluate the bids, but Mayor Rahm Emanuel appears very interested in the idea of privatization and moving forward with the process.

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