TITLE

Kudos for Skyway Plan

AUTHOR(S)
Shields, Yvette
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/20/2004, Vol. 350 Issue 31993, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a local government watchdog group praised Chicago's move to privatize the Chicago Skyway tollroad and use much of the $1.82 billion cash windfall from the transaction to reduce debt and boost reserves. Mayor Richard Daley has taken a smart and prudent step in privatizing the Skyway, opined Civic Federation of Chicago president Laurence Msall. The federation also praised Daley's pledge to use much of the proceeds to reduce city debt and to create a budget reserve. The ending cash balance to date has been the city's only financial cushion.
ACCESSION #
14779485

 

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