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.
A new deal could be worth up to $100 million for the giant Port of Chicago on the city’s Southeast Side.
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?
A new proposal before the City Council aims to prevent another controversial privatization deal like the infamous parking meter lease of 2008, but some critics say the plan doesn’t go far enough. Joining Chicago Tonight to discuss the proposed ordinance is Judy Stevens, policy coordinator at the Better Government Association, which consulted the Emanuel administration when crafting the ordinance.
Mayor Rahm Emanuel and local leaders are scrambling to make a deal to privatize Chicago’s ports. Paris Schutz has the story.
Is further privatization the way to go? Paris Schutz has more on the mayor and the CTA chief's plans for private investment to pay for modernizing train infrastructure, and what it could mean for taxpayers.