FAA OKs request to privatize Midway


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Posted Online: Jan. 18, 2013, 2:38 pm
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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.














 



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  Today is Sunday, July 27, the 208th day of 2014. There are 157 days left in the year.

1864 -- 150 years ago: The Rock Island Paper Mill is now operating. It is an establishment which our people ought to encourage by saving all rags for the mill, where you can get cash and the highest prices for them.
1889 -- 125 years ago: E. W. Robinson purchased from J.T. Miller the livery stable on the triangle south of Market Square.
1914 -- 100 years ago: Henry Kramer was elected president of the Tri-City Typothetae Franklin Club, which took the place of the Tri-City Ben Franklin Club.
1939 -- 75 years ago: Mrs. Floyd Furh, Illinois City, was first-place winner in the second annual Gov. Horner Farm floral contest.
1964 -- 50 years ago: Nearly 4,000 people are expected to attend weekend sessions of the Jehovah's Witnesses Assembly being held at the Masonic Temple.
1989 -- 25 years ago: The B-29 Super-Fortress bomber is impressive looking, and it did the job during World War II. Its claim to fame is dropping the atomic bombs in Japan to end the war. Only one B-29 is operational in the world today. It is on display at the Quad City Airport in Moline until Friday.






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