TITLE

Raise the Skyway

AUTHOR(S)
Shields, Yvette
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/8/2004, Vol. 350 Issue 32025, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the consortium that has won the contract to run the Chicago Skyway in Illinois, and announced its plans to raise the road's $2 toll by 50 cents in February, 2005. The increase is the 7.8 mile long Skyway's first in 11 years. This represents an increase of less than 2.5% per year over the past 11 years. Even with the increase, the Skyway is still a great bargain as a shortcut around the truck traffic and congestion of Interstate 80/94. The completion of a major renovation and the ability to raise the fares helped the city attract the $1.83 billion bid from the consortium to operate the Skyway. The deal is scheduled to close in January 2005.
ACCESSION #
15309204

 

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