Opinion: Midway privatization deal appears to pass muster

10/2/2008 | Chicago Tribune (tiered subscription model)

A Chicago Tribune editorial takes a closer look at the Chicago Midway Airport privatization deal that was reached recently. It asks, given the current economic climate, whether such a deal is wise, and whether the bid price of $2.5 billion is adequate, when some analysts were expecting it to come in higher. The editorial discusses some of the various components of the deal, concluding: "The guiding principle in all such agreements should be to secure more efficient operations and make government more financially sound. At first glance, the Midway lease appears to pass that test."

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