Permalink
Matthew on business and privatization
  • vote
    2
    0 starsakabagel | Shared With: Everyone - Sep 19 2007 | business, money, privatization
    Macquarie Bank's controversial infrastructure funds - Sep. 18, 2007

    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. "

1 - 1 of 1 Faves

Related Content from Around Faves

business

VIEW ALL

money

VIEW ALL