Mayer Brown - Mayer Brown Is Advising City of Chicago in Landmark Deal to Privatize Midway Airport

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Mayer Brown Is Advising City of Chicago in Landmark Deal to Privatize Midway Airport
News Release -  Worldwide



30 September 2008 − Mayer Brown LLP is representing the City of Chicago in a groundbreaking $2.521 billion transaction to privatize Midway Airport. This marks the first privatization of a major American airport. The deal will provide unprecedented benefits for the traveling public, the airlines and the taxpayers of Chicago according to Chicago Mayor Richard M. Daley.

The winner bidder for the long-term lease of Midway Airport is Midway Investment and Development Company, LLC, a consortium consisting of Citi Infrastructure Investors, YVR Airport Services Ltd. and John Hancock Life Insurance Co..

The Mayer Brown team is being led by partners John Schmidt, David Narefsky and Joe Seliga.  Associates Michael Serafini and Bobby Owens were also key members of the deal team.

Mayer Brown has worked with the City of Chicago on other major privatization projects in the past such as when it advised the city on its $1.83 billion privatization of the Chicago Skyway Toll Bridge in 2005.

The Midway deal was covered in a story in the online edition of the American Laywer.  See this link: http://amlawdaily.typepad.com/amlawdaily/2008/09/mayer-brown-ome.html for that article.

For more information, contact:

Brian Pitts
Assistant Director of Public Relations
(312) 701- 8576
bpitts@mayerbrown.com
 
 
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Narefsky, David
Owens, Bobby L.
Schmidt, John R.
Seliga, Joseph
Serafini, Michael A.

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