from today's Crain's Chicago Business Journal (8/21):
Midway bidder stays on course
By Paul Merrion
Aug. 21, 2008
"(Crain’s) — A consortium headed by Macquarie Group Ltd. is still pursuing a long-term lease to privatize Midway Airport, even though one unit of the giant Australian bank has pulled out of the deal.
Alarm bells went off in City Hall when the head of Macquarie Airports, a publicly traded investment fund and airport operator, announced yesterday that it would not pursue Midway. Mayor Richard M. Daley is hoping to reap several billion dollars from the Southwest Side airport at a time when he’s facing a $420-million hole in the city budget next year.
Macquarie Airports also announced plans to sell some of its airport holdings and buy back up to $1 billion of its shares after reporting a huge first-half loss." ...
for the complete story
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