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News Monday October 29th, 2012, 10:29am

Emanuel Proposes To Sell Ad Space On City Property

The administration of Chicago Mayor Rahm Emanuel says that the city can generate $18 million next year through leasing billboards on city-owned property, and also letting corporations place ads on downtown trash bins. Lois Scott, the city's chief financial officer told WBEZ that the city is also finalizing a corporate sponsor for its recycling program. Emanuel pledged in April that Chicago's recycling program will finally go citywide in 2013.

The $18 million figure is a small slice of the city budget. But Emanuel could lease the billboards for 20 years, with the city and a private contractor splitting future revenue.

Sources

  • WBEZ

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Categories

  • Economy

Tags

  • Chicago budget
  • City budget
  • Corporate Businesses
  • Privatization
  • Public Private partnerships

Public figures

  • Lois Scott
  • Rahm Emanuel

Level of gov't

  • City of Chicago

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