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Saab upgrading bid for Brazil FX-2 contest
CHICAGO, Jan. 19 (UPI) -- The city of Chicago said it is exploring the possibility of privatizing operations at Midway International Airport, the country's 26th-busiest airport.
The city has posted a notice requesting companies express interest in the possibility of bidding to take over Midway with a 40-year lease, the Chicago Tribune reported Saturday.
The so-called request for qualifications stipulates that revenue from running Midway must be shared with the city on an ongoing basis, as opposed to paying the city up front.
The city -- which has incurred $1.4 billion in debts since rebuilding the airport in 1996 -- is seeking guarantees on prices for parking and concessions.
The city's 75-year agreement on parking meter operations, agreed to during former Mayor Richard Daley's tenure, pushed parking prices sharply higher. Mayor Rahm Emanuel's administration is trying to avoid signing a deal that would increase prices significantly, the newspaper said.
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| Additional Business News Stories | |
WASHINGTON, May 22 (UPI) --
Maintaining a flat level of natural gas production from U.S. shale deposits is an elusive prospect, an energy policy director told U.S. lawmakers.
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MADRID, May 22 (UPI) --
A military transport aircraft jointly produced by Airbus Military of Spain and PT Dirgantara Indonesia is on a promotional tour of ASEAN.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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