Mayor's Midway Lease Goes Before Council

Mayor Daley's plan to lease Midway for 99 years goes before the City Council's Finance and Aviation committees in a joint hearing this morning. The proposed $2.52 billion lease would largely help payoff airport debt and leave a net profit of around $1 billion. Assuming the committees agree to the lease, the full Council would vote on Wednesday to approve the lease. Somehow, we don't see there being much opposition to this.