Emanuel scraps plan to lease Midway Airport - New York News

Emanuel scraps plan to lease Midway Airport

Posted: Updated:
CHICAGO (Associated Press) -

Mayor Rahm Emanuel has decided not to move forward with plans to lease Midway International Airport.

Midway would have been the first major U.S. hub to go private under a pilot program overseen by the Federal Aviation Administration.

Emanuel spokeswoman Sarah Hamilton says Friday the two remaining potential bidders failed to meet criteria for ensuring taxpayers get a good deal.

1 of the companies pulled out of the process, just weeks before bids were due to be presented.

Hamilton says that with only one company left, the process was no longer competitive.

Emanuel was seeking to lease Midway for up to 40 years in a deal that would generate enough revenue to pay off the airport's roughly $1.4 billion debt and help fund other public works projects around the city.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • Dog found inside abandoned LI house

    Dog found inside abandoned LI house

    Friday, July 25 2014 7:03 AM EDT2014-07-25 11:03:02 GMT
    Officials say a dog found in an abandoned Long Island house was so matted and the nails so overgrown that the pooch could barely walk.
    Officials say a dog found in an abandoned Long Island house was so matted and the nails so overgrown that the pooch could barely walk.
  • The Big Idea

    Making New York City more energy efficient

    Making New York City more energy efficient

    Friday, July 25 2014 6:45 AM EDT2014-07-25 10:45:43 GMT
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
  • Bronx supermarket fire

    Bronx supermarket fire

    Friday, July 25 2014 6:19 AM EDT2014-07-25 10:19:31 GMT
    Authorities say a child and two firefighters have been injured in an overnight fire that spread through a Bronx supermarket.
    Authorities say a child and two firefighters have been injured in an overnight fire that spread through a Bronx supermarket.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices