akabagel | Shared With: Everyone - Sep 19 2007 | business, money, privatization
Ever heard of Macquarie Bank? They buy roads and bridges. Privatization of our public infastructure has begun.
Quoted: "This is the greatest single financial coup in the history of Chicago." That's how alderman Edward Burke, chairman of the city council's finance committee, described the 99-year lease of the Chicago Skyway, a 7.8-mile toll road, to a private operator for the stunning sum of $1.8 billion - almost $1 billion more than the next-highest bid. The deal, struck in late 2004, was the first privatization of a toll road in the U.S. "
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