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Chicago Mayor Rahm Emanuel Pisses Away $3,500,000.00 on failed Midway privatization deal

Wednesday 25 September 2013

Privatizing Midway Airport could have left Chicago with $500 million — even after debt was retired — to shore up city pensions and build infrastructure projects. Instead, it ended up costing Chicago taxpayers $3.5 million.
That’s how much money Mayor Rahm Emanuel spent on a clout-heavy team of advisers, only to pull the plug after one of two bidding teams left the runway.

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