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NEWS ABOUT: Chicago Midway Airport

Chicago Leases Parking Meters for $1.6B

Company wants a 75-year lease on 36,000 metered parking spaces

(Newser) - Chicago, which in September agreed to lease out Midway Airport for 99 years in exchange for $2.52 billion, has now made a deal to lease 36,000 metered parking spaces to Morgan Stanley for $1.16 billion, reports Bloomberg. The city council will vote tomorrow on the 75-year lease,... More »

Investors Eye Airports, Bridges, Roads

Subprime-weary banks earmark $250B for infrastructure projects

(Newser) - Weary of investments infected by the subprime contagion, investors are looking to purchase and operate some more substantial assets: the nation’s bridges, toll roads, and airports, reports the New York Times. Goldman Sachs, KKR, Morgan Stanley, and Credit Suisse are among those who have stockpiled some $250 billion for... More »

Chicago Transit Explores Groceries in Train Stations

Agency hopes to reap $100M over 5 years with new developments

(Newser) - The Chicago Transit Authority is looking make more money from the real estate it owns, and is investigating installing grocery stores and restaurants inside “L” (elevated train) stations, the Tribune reports—with the agency hoping to generate $100 million over the next 5 years from such commercial development. "... More »

Airport to Sort Travelers Into Fast, Slow Lanes

Signs, borrowed from slopes, aim to let fliers choose most appropriate page

(Newser) - Travelers using Chicago’s Midway Airport are finding a curious new addition to security lines, the Tribune reports—ski-slope-like signs meant to funnel travelers into different lines based on how quickly they're likely to be able to speed through. They're color coded to the “difficulty level” of each option:... More »

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