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News Wednesday May 9th, 2012, 5:49pm

City Council Approves $2.1 Billion In Bonds

Two weeks after approving an Infrastructure Trust, Chicago City Council returned to a more traditional way to finance infrastructure projects with the issuance of $2.1 billion in bonds, including $1.5 billion for projects at Midway Airport and $600 million in water and sewer bonds.

The Midway bonds come amid the possibility that the city is also looking to raise revenue by privatizing Midway Airport. The Federal Aviation Administration extended the city's deadline for determining whether it will lease the airport to December 31.

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Categories

  • Transportation

Tags

  • Chicago City Council
  • Chicago Infrastructure
  • Infrastructure Trust
  • Midway Airport
  • Privatization
  • Water management

Public figures

  • Rahm Emanuel

Level of gov't

  • Federal Government
  • City of Chicago

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