Long-term leases of public infrastructure In January 2006, Skyway Concession Company, a joint venture between the Australian Macquarie Infrastructure Group and Spanish Cintra Concesiones de Infraestructuras de Transporte S.A., paid the City $1.83 billion for rights to operate the Chicago Skyway and collect tolls for 99 years. The deal was the first of its kind in the U.S. In December 2006, Morgan Stanley paid Chicago $563 million for a 99-year lease of the city's parking garages. "I'm the one who started talking about leasing public assets. No other city has done this in America," Daley recalled in 2009. Pulitzer Prize-winning commentator George F. Will wrote of the deals in The Washington Post,
Long-term leases of public infrastructure In January 2006, Skyway Concession Company, a joint venture between the Australian Macquarie Infrastructure Group and Spanish Cintra Concesiones de Infraestructuras de Transporte S.A., paid the City $1.83 billion for rights to operate the Chicago Skyw,ay and collect tolls for 99 years. The deal was the first of its kind in the U.S. In December 2006, Morgan Stanley paid Chicago $563 million for a 99-year lease of the city's parking garages. "I'm the one who started talking about leasing public assets. No other city has done this in America," Daley recalled in 2009. Pulitzer Prize-winning commentator George F. Will wrote of the deals in The Washington Post