Chicago Weighs $4 Billion of Debt for O’Hare Airport Upgrades
Chicago Mayor Brandon Johnson is seeking approval this week to issue several billion dollars in bonds to modernize O’Hare International Airport as well as convert two office buildings into affordable apartments. Chicago Mayor Brandon Johnson is seeking approval to issue several billion dollars in bonds to modernize O’Hare International Airport and convert two office buildings into affordable apartments. The city council's finance committee is holding public hearings and will vote on a series of proposals from the Johnson administration, which could add up to over $4 billion in debt. If approved, the plans still require full city council approval.
Published : 11 months ago by Shruti Singh in Travel Finance
Chicago Mayor Brandon Johnson is seeking approval this week to issue several billion dollars in bonds to modernize O’Hare International Airport as well as convert two office buildings into affordable apartments.
The city council’s finance committee is holding public hearings on Monday and then will vote on a series of proposals from the Johnson administration. The proposals could add up to more than $4 billion in debt. If the finance committee passes the bond ordinances, the plans still need full city council approval.
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