October 8, 2008

By a 49-0 vote, the Chicago City Council approved a $2.5 billion, 99-year lease of Midway Airport to a private operator.

The Daley administration has not yet announced how it would spend the $1 billion the lease would yield after airport debt is repaid.

(Full story here.)

Second Ward Alderman Bob Fioretti votes with the block to lease away city assets.