Press Detail

Daley plan: Lease parking for $560M

Posted on October 12, 2006

Chicago Tribune

This article focuses on the benefits the 99-year lease of the Millennium and Grant Park parking garages to a private operator is expected to generate for the City of Chicago. The Civic Federation considers the sale of such a non-core asset and use of the proceeds to remove debt from Millennium Park to be a positive move for the City.