Private Australian company buys controlling stake in Chicago Skyway
The toll road was leased for 99 years to a private company in 2005. Now it’s coming under new management.
By Char Daston
Private Australian company buys controlling stake in Chicago Skyway
The toll road was leased for 99 years to a private company in 2005. Now it’s coming under new management.
By Char DastonThe Chicago Skyway will now be managed by the Australian company Atlas Arteria, which owns and operates toll roads in Europe and the United States. In 2005, Chicago leased the Skyway to private shareholders. The shareholders can buy or sell, but the city has to remain in the agreement for 99 years.
Reset learns more from the Chicago Tribune reporter who covered this story and gets context from an expert in toll road privatization.
GUESTS: Robert Channick, business reporter, Chicago Tribune
Robert W. Poole, director of transportation, Reason Foundation