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A deal to have a private operator invest up to $100 million to run the Illinois International Port District, also known as the Port of Chicago, appears to be dead.

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A new deal could be worth up to $100 million for the giant Port of Chicago on the city’s Southeast Side.

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The Port of Chicago is looking to privatize its operations. But while the site needs a massive infusion of cash and upgrades, is privatization risking another city asset?

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