11/16/09

In the news: Leasing water system could be a risky move for Chicago

From the Chicago Tribune:
Mayor Richard Daley says any part of city government is up for grabs if the price is right.

But if he is tempted to dangle Chicago's vast water system as his next lease deal, he might want to first consult Atlanta, which is still smarting from a botched experiment with privatizing a big-city water supply.

Or the mayor could look someplace closer to home, like Bolingbrook, one of dozens of suburbs and downstate communities furious about steep rate increases imposed by a private water operator.

Daley is searching for more jackpots as his administration draws heavily on the money it reaped from leasing parking meters and the Chicago Skyway to ease the city through the recession. The mayor recently told the Tribune editorial board that he has met with consultants who outlined new privatization deals, but he would not provide details. Read more.


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