Bullet Dodged

Government selling its infrastructure is like farmers eating their seed corn. It’s an act of desperation. Or I could call it something else -- unregulated greed.

Anyway, we (or should I say Chicago?) dodged the bullet on this one.

”A $2.5 billion first-of-its-kind deal to privatize a major U.S. airport has collapsed amid the global credit crunch, city officials said Monday.

Chicago officials said the deal to lease Midway Airport for 99 years fell apart because private investors could not raise the necessary money. “

AP has the full story.

Don Brown
April 21, 2009