Press Detail

City picks $563-mil. bid to run parking garages

Posted on October 12, 2006

Crain's Chicago Business

This article describes the highlights of the deal which will transfer operation of the parking garages under Millennium and Grant parks to Morgan Stanley for 99 years and net the City of Chicago a total of $157 million. In it, the Civic Federation notes that the City is moving in the right fiscal direction by privatizing non-core assets.