Mark Guarino

The great sell-off: Chicago auctions city assets

Pub Date: 
Wed, 06/24/2009
Author: 

No city in America beats Chicago when it comes to selling public assets - garages, bridges, even parking meters - and contracting with private companies to supply traditional public services.Over the past five years, the Windy City under Mayor Richard M. Daley has sold or leased out public institutions such as the Chicago Skyway ($1.83 billion), underground garages beneath Grant and Millennium Parks ($563 million), and, more recently, city parking meters ($1.15 billion).

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