Breaking The Bank: Selling Off The City
With Mayor Daley's budget on the table and things looking grim financially for the next several years, it's natural to wonder what other city assets Daley will sale as he dips into the parking meter lease cash to help cover the 2010 budget gap. The Sun-Times Fran Spielman runs down for us what could very well be up for sale next, including another run at privatizing Midway. Daley's tried to do it before. The 99-year, $2.5 billion deal was set up by the mayor and approved by the City Council, but the deal floundered as the economy did. Another run at this deal with any number of companies wouldn't be a surprise. Spielman suggests he could also try to do the same kind of deal with O'Hare, which would bring in even more money, but roadblocks could drag out such an attempt.
What other assets might the city sell off? Let us know your guesses in the comments.