Indiana View: Chicago burning privatization cash

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Think tank director points to Indiana's use of Toll Road cash as a better model

By Nathan Hellman - Medill News Service - March 1, 2010

CHICAGO | It may not be as hot as the blaze once blamed on Mrs. O'Leary's cow, but the city of Chicago is burning its way through millions of dollars made through privatization deals, threatening to leave the long-term financial health in ashes.

Since Chicago Mayor Richard M. Daley struck a deal to lease the Chicago Skyway to a private group for $1.83 billion in 2005, the city has had immediate access to hundreds of millions of dollars.

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