Good news, taxpayers–it looks like the Midway lease deal might be falling apart.
According to an article by Fran Spielman in today’s Sun-Times, the company that wants to buy the airport needs extra time to raise money to complete the deal. If they can’t come up with the funds, the city will keep control of the airport and–best of all–retain the $126 million that Midway Investment and Development has already paid, according to the Sun-Times.
Take a bow, Mayor Daley. You’re at your best when your wacky deals collapse. Any chance you can work the same magic with your other privatization schemes?