When bad economies do good things
The headline:
The story:
Chicago officials say talks calling on a $2.5 billion deal to lease Midway Airport to private investors have collapsed because of the economy.
It’s too bad the bad economy couldn’t kill the other ill-advised privatization deals Daley has rammed through, such as the leasing of the Chicago Skyway and the leasing of city streets to corporations who jack up the rates and basically sit back and collect the cash. It’s too bad for Daley, his olympic spending orgy won’t be quite what he’d hoped, but it’s good for the rest of us.
Daley shouldn’t cry too much: With the biggest congressional backer of the superfluous third airport in Peotone, Jesse Jackson Jr., being scrutinized for his involvement in the Blagojevich Senate seat fiasco, Midway should remain financially viable for years to come. It’s a good thing. Don’t mess with it.