30 September 2008
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.
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
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.