Privatization

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Financial Challenges for the Next Chicago Mayor and City Council

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City spent $3.5M on failed Midway privatization deal

This article discusses $3.5 million in fees the City of Chicago accrued from consultants, financial advisors and attorneys while reviewing two bids to privatize Midway Airport. Mayor Rahm Emanuel halted the deal after one of the two…

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Status of Chicago's Asset Lease Agreements

The long-term lease of assets by the City of Chicago is one of the most significant financial undertakings by the City in recent years. These groundbreaking transactions have received national attention and been examined by other…

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Civic Federation Releases Managed Competition Issue Brief

Managed competition is a form of alternative service delivery or public-private partnership (P3) that requires in-house service units of a government to compete with external providers under a controlled or managed process. It involves…

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Managed Competition: An Issue Brief

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Changes to City and County Parking Tax Structures

As described last week in the Civic Federation’s blog, the Chicago City Council recently approved an ordinance changing the City’s tiered parking tax rates to…

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City's New Parking Tax Rates in Effect This Month

On March 8, 2013, Governor Quinn signed HB5547, which gave home-rule municipalities and counties with populations over 2,000,000 (essentially Chicago…

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New parking meter deal could save city $1B

Mayor Rahm Emanuel announced proposed changes to Chicago’s parking meter lease agreement April 29, including a…

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Chicago Parking Meter Lease Agreement Pending City Council Approval

On Monday April 29th, Mayor Rahm Emanuel announced that an agreement had been reached in the disputes between the

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Rahm Emanuel Has an Idea

This article examines the Chicago Infrastructure Trust, introduced by Mayor Emanuel in March 2012 to attract private sector funds to rebuild the City of Chicago’s aging infrastructure. It cites the…